Hadzi-Vaskov, Metodij; Ricci, Luca Antonio; Werner, … - In: Economia : journal of the Latin American and Caribbean … 22 (2023) 1, pp. 135-152
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. We compare...