During the last two decades the CIS countries have received very significant amounts of technical assistance from international development organizations and bilateral donors. While this has played a positive and important role in the transformation of these societies, practically all...

Der Beitrag beschäftigt sich mit der Genauigkeit der staatlichen Defizitquo-te im Sinne der Volkswirtschaftlichen Gesamtrechnungen vor dem Hinter-grund des Adäquationsproblems. Einzelne umstrittene Verbuchungsfragen, die mit der zeitlichen und sektoralen Zuordnung von Strömen verbunden sind,...

Public deficit figures are subject to revisions, as most macroeconomic aggregates are. Nevertheless, in the case of Europe, the latter could be particularly worrisome given the role of fiscal data in the functioning of EU’s multilateral surveillance rules. Adherence to such rules is judged...

We use a newly available dataset of euro area quarterly national accounts fiscal data and construct multi-variate, state-space mixed-frequencies models for the government deficit, revenue and expenditure in order to assess its information content and its potential use for fiscal forecasting and...