This paper explores the determinants of deviations of ex-post budget outcomes from first-release outcomes published towards the end of the year of budget implementation. The predictive content of the first-release outcomes is important, because these figures are an input for the next budget and...

The world’s major central banks have radically altered their strategies since 2008 as they grappled with the great financial crisis and its various consequences. One view (Issing 2016) is that they have gone too far, and that their actions will result in inflation and loss of independence....