Hughes Hallett, Andrew; Kuhn, Moritz; Warmedinger, Thomas - In: European Journal of Government and Economics (EJGE) 1 (2012) 1, pp. 44-65
The use of real-time cash data allows us to make accurate intra-annual forecasts of an economy’s fiscal position, and to issue early warning signals for the need to correct fiscal imbalances. This paper shows how those signals can be used to design the necessary fiscal corrections, and...