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:	Brück, Tilman ; Stephan, Andreas
Institutions:	DIW Berlin (Deutsches Institut für Wirtschaftsforschung)
Subject:	Fiscal policy \| Budget deficit \| Forecast error \| Electoral cycles

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Extent:	application/pdf
Series:	Discussion Papers of DIW Berlin. - ISSN 1619-4535.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 508 9 pages long
Classification:	H62 - Deficit; Surplus ; H87 - International Fiscal Issues ; C23 - Models with Panel Data ; C53 - Forecasting and Other Model Applications ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005018688