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Short-term monitoring of fiscal policy discipline

Camba-Méndez, Gonzalo; Lamo, Ana - European Central Bank - 2002

Under the Maastricht Treaty and the Stability and Growth Pact (SGP) European Union (EU) Member States commit themselves to avoid excessive deficits over 3% of GDP and to pursue the medium-term objective of budgetary positions close to balance or in surplus. The SGP provides also regulation for...

Persistent link: https://www.econbiz.de/10005816185

A quarterly fiscal database for the euro area based on intra-annual fiscal information

Paredes, Joan; Pedregal, Diego J.; Pérez, Javier J. - European Central Bank - 2009

intra-annual fiscal information for interpolation purposes allows us to capture genuine intra-annual "fiscal" dynamics in …

Persistent link: https://www.econbiz.de/10008502694

Estimating and forecasting the euro area monthly national accounts from a dynamic factor model

Angelini, Elena; Bańbura, Marta; Rünstler, Gerhard - European Central Bank - 2008

al. (2005), which handles unbalanced data sets in an efficient way. We extend the model to integrate interpolation and …

Persistent link: https://www.econbiz.de/10005530975

Interpolation and backdating with a large information set

Angelini, Elena; Henry, Jérôme; Marcellino, Massimiliano - European Central Bank - 2003

Existing methods for data interpolation or backdating are either univariate or based on a very limited number of series … develop an interpolation method that exploits the estimated factors as an efficient summary of all the available information … interpolation but again be reduced with multivariate approaches, including factor-based ones. JEL Classification: C32, C43, C82 …

Persistent link: https://www.econbiz.de/10005530985