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...

The fact that the literature tends to find optimistic biases in national fiscal projections has led to a growing recognition in the academic and policy arenas of the need for independent forecasts in the fiscal domain, prepared by independent agencies, such as the European Commission in the case...

Budget forecasts have become increasingly important as a tool of fiscal management to influence expectations of bond markets and the public at large. The inherent difficulty in projecting macroeconomic variables – together with political bias – thwart the accuracy of budget forecasts.We...

We will collect audited financial and socioeconomic data for a large sample of local governments between 2008 and 2016 to create a fiscal scoring system for cities and counties based on our previous work, work done by Pew and the leading academics. City and county scores will be reported on a...

Municipal fiscal distress experienced by cities such as Detroit, Michigan; San Bernardino,California; and Harrisburg, Pennsylvania, has generated an impressive body of work by researchers seeking to understand underlying factors in an effort to prevent future distress. Recent research has been...