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Budget credibility of subnational governments: analyzing the fiscal forecasting errors of 28 states in India
Chakraborty, Lekha; Chakraborti, Pinaki; Shrestha, Ruzel - 2020
effective public finance management. Fiscal marksmanship analysis captures the extent of errors in the budgetary forecasting … fiscal forecasting errors for 28 states (except Telangana) in India for the period 2011-16. There is a heterogeneity in the … few crucial macro-fiscal variables where improving the forecasting techniques can provide better estimates. …
Persistent link: https://www.econbiz.de/10012252992
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The gains from early intervention in Europe : fiscal surveillance and fiscal planning using cash data
Hughes Hallett, Andrew; Kuhn, Moritz; Warmedinger, Thomas - 2010
This paper does two things. First it examines the use of real time inter-annual cash data and the role of early interventions for improving the monitoring of national fiscal policies and the correction of fiscal indiscipline. Early warnings are important because they allow us to spread the...
Persistent link: https://www.econbiz.de/10003986633
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Fiscal Balance Forecast of Cambodia 2007-2011
Yoo, Ilho - 2006
In this paper, we attempt to forecast the fiscal balance of Cambodia in years 2007-2011, based on the revenue and expenditure data since the political stabilization which started in 1993. Major tool for the analysis is OLS, and the huge deficit is forecasted. To cover the deficit, Cambodian...
Persistent link: https://www.econbiz.de/10014053711
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Manipulating fiscal forecasts : evidence from the German States
Kauder, Björn; Potrafke, Niklas; Schinke, Christoph - 2017
We examine whether German state governments manipulated fiscal forecasts before elections. Our data set includes three fiscal measures over the period 1980-2014. The results do not show that electoral motives influenced fiscal forecasts in West German states. By contrast, East German state...
Persistent link: https://www.econbiz.de/10011597259
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Budget Credibility of Subnational Governments : Analyzing the Fiscal Forecasting Errors of 28 States in India
Chakraborty, Lekha - 2020
effective public finance management. Fiscal marksmanship analysis captures the extent of errors in the budgetary forecasting … fiscal forecasting errors for 28 states (except Telangana) in India for the period 2011–16. There is a heterogeneity in the … few crucial macro-fiscal variables where improving the forecasting techniques can provide better estimates …
Persistent link: https://www.econbiz.de/10012827169
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The Composition of Fiscal Consolidation Matters : Policy Simulations for Hungary
Guerson, Alejandro - 2013
This paper evaluates policy alternatives to achieve permanent fiscal consolidation in Hungary, based on a general equilibrium calibration. The main finding is that the composition of the consolidation, as determined by the mix of revenue and expenditure measures, has important implications for...
Persistent link: https://www.econbiz.de/10013073774
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Over-optimism in forecasts by official budget agencies and its implications
Frankel, Jeffrey A. - In: Oxford review of economic policy 27 (2011) 4, pp. 536-562
Persistent link: https://www.econbiz.de/10009619591
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Italy and fiscal rules : past performance and future prospects
Assalve, Davide; Collura, Cristina; Giachin Ricca, Elena; … - 2022
Persistent link: https://www.econbiz.de/10013348217
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Authorities' fiscal forecasts in Latin America : are they optimistic?
Hadzi-Vaskov, Metodij; Ricci, Luca Antonio; Werner, … - 2021
Persistent link: https://www.econbiz.de/10012545039
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Authorities' fiscal forecasts in Latin America : are they optimistic?
Hadzi-Vaskov, Metodij; Ricci, Luca Antonio; Werner, … - 2021
Do governments in Latin America tend to be optimistic when preparing budgetary projections? We address this question by constructing a novel dataset of the authorities' fiscal forecasts in six Latin American economies using data from annual budget documents over the period 2000-2018. In turn, we...
Persistent link: https://www.econbiz.de/10012612338