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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...
Persistent link: https://www.econbiz.de/10011386471
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...
Persistent link: https://www.econbiz.de/10013125053
Persistent link: https://www.econbiz.de/10013461169
Potential links between inflation, (t), and unemployment, UE(t), in Germany have been examined. There exists a … negative relation between inflation and unemployment with the latter leading the former by one year: UE(t-1) = 1.50(t) + 0 ….116. Effectively, growing unemployment has resulted in decreasing inflation since 1971, i.e. for the period where GDP deflator …
Persistent link: https://www.econbiz.de/10014223809
Persistent link: https://www.econbiz.de/10014307781
Persistent link: https://www.econbiz.de/10014432753
reopening, the analysis suggests that GDP growth may grow by about 7.1 percent, but economic activity may weaken in 2023 as the … global economic environment deteriorates. Inflation will likely continue to be elevated in 2022 but may still fall within the … persistently high inflation, an uncertain business environment, and a possible downturn in the world's major economies. The paper …
Persistent link: https://www.econbiz.de/10014476021
Persistent link: https://www.econbiz.de/10012661146
We use a newly available dataset of euro area quarterly national accounts fiscal data and construct multivariate, state-space mixed-frequencies models for the government deficit, revenue and expenditure in order to assess its information content and its potential use for fiscal forecasting and...
Persistent link: https://www.econbiz.de/10012770591
Persistent link: https://www.econbiz.de/10003384172