Beetsma, Roel; Giuliodori, Massimo; Walschot, Mark; … - In: European Journal of Political Economy 31 (2013) C, pp. 119-138
Using real-time data from the annual budgets over the period 1958–2009, we explore budgetary planning and implementation in the Netherlands. Three fiscal policy regimes are distinguished. Our key findings are the following. First, plans are on average unbiased, although they are overoptimistic...