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Fiscal policy in the semi-structural model ECB-BASE
Bańkowski, Krzysztof - 2023
Fiscal policy constitutes a key tool for business cycle stabilisation next to monetary policy. In this context, having a well-suited macroeconomic model for analysing fiscal policy at a central bank is of primary importance. This paper documents the fiscal block of the ECB-BASE, which is a...
Persistent link: https://www.econbiz.de/10014278636
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Empirical evidence on fiscal forecasting in Eurozone countries
Deus, Joseph David Barroso Vasconcelos de; Mendonça, … - In: Journal of economic studies 42 (2015) 5, pp. 838-860
Persistent link: https://www.econbiz.de/10011348916
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Forecasts in the eurozone and fiscal rules
Frankel, Jeffrey A.; Schreger, Jesse - 2012
Persistent link: https://www.econbiz.de/10009622938
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Over-optimistic official forecasts and fiscal rules in the eurozone
Frankel, Jeffrey A.; Schreger, Jesse - In: Review of world economics 149 (2013) 2, pp. 247-272
Persistent link: https://www.econbiz.de/10009759475
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Does the stability and growth pact induce a bias in the EC's fiscal forecasts?
Gilbert, Niels; Jong, Jasper de - 2014
Persistent link: https://www.econbiz.de/10010458171
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Modelling and forecasting fiscal variables for the euro area
Favero, Carlo A. (contributor);  … - 2005
Persistent link: https://www.econbiz.de/10003214132
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Modelling and forecasting fiscal variables for the euro area
Favero, Carlo A.; Marcellino, Massimiliano - In: Oxford bulletin of economics and statistics 67 (2005) suppl, pp. 755-783
Persistent link: https://www.econbiz.de/10003229050
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Over-Optimistic Official Forecasts in the Eurozone and Fiscal Rules
Frankel, Jeffrey A. - 2012
. The members of the eurozone are supposedly constrained by the fiscal caps of the Stability and Growth Pact. Yet ever since …:•Governments' budget forecasts are biased in the optimistic direction, especially among the Eurozone countries, especially when they have …-optimistic during booms.•Despite the well-known tendency of eurozone members to exceed the 3% cap on budget deficits, often in …
Persistent link: https://www.econbiz.de/10013102194
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Fiscal targeting
Barnichon, Régis; Mesters, Geert - 2021
Persistent link: https://www.econbiz.de/10012820941
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Does the Stability and Growth Pact Induce a Bias in the EC's Fiscal Forecasts
Gilbert, Niels D. - 2014
Enforcement of European fiscal rules, to a large extent, hinges on the fiscal forecasts prepared by the European Commission (EC). The reliability of these forecasts has received little attention in the literature, despite the fact that i) the forecasts have potentially far-reaching consequences...
Persistent link: https://www.econbiz.de/10013040182