Do Eurozone Countries Cheat with their Budget Deficit Forecasts?

We estimate the political economy determinants of budget deficit forecast errors. Since the adoption of the Stability Pact, Eurozone governments have manipulated forecasts before elections. The political orientation and the institutional design of governments also affects the quality of forecasts.

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Year of publication:	2005
Authors:	Stephan, Andreas ; Brück, Tilman
Institutions:	Wirtschaftswissenschaftliche Fakultät, Europa-Universität Viadrina Frankfurt (Oder)
Subject:	fiscal policy \| budget deficit \| forecast error \| electoral cycles

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Extent:	application/pdf
Series:	Working Paper Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 2005,5
Classification:	H87 - International Fiscal Issues ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; C23 - Models with Panel Data ; H62 - Deficit; Surplus ; C53 - Forecasting and Other Model Applications
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009216828