Leal, Teresa; Pérez, Javier J.; Tujula, Mika; Vidal, … - 2007
to be learnt from the
literature on fi scal forecast errors? 11
4 Basic decisions in fi scal forecasting 15
4 …-motivated forecast biases. While the literature on forecast performance
broadly supports the view that fiscal forecasts prepared by … governments tend to be biased, and inaccurate,
it seems that the causes for forecast errors have been insufficiently covered in …