Pina, Álvaro; Venes, Nuno - ISEG - School of Economics and Management, Department … - 2007
expenditure present few systematic patterns, budget balance errors are responsive to fiscal institutions and to opportunistic …This paper analyses the track record of fiscal forecasts reported by 15 European countries in the context of the … Excessive Deficit Procedure. For the budget balance, gross fixed capital formation (GFCF) and interest payments, we study the …