Fitxers
Tipus de document
ArticleVersió
Versió acceptadaData de publicació
Llicència de publicació
Si us plau utilitzeu sempre aquest identificador per citar o enllaçar aquest document: https://hdl.handle.net/2445/110435
Does fiscal responsibility matter? Evidence from public and private forecasters in Italy
Títol de la revista
Director/Tutor
ISSN de la revista
Títol del volum
Recurs relacionat
Resum
Nowadays, fiscal forecasts are a centerpiece of macroeconomic policy decisions, particularly in highly indebted European Union countries such as Italy. The Stability and Convergence Programs and the new Fiscal Compact seem to have improved fiscal responsibility, but have they facilitated a greater accuracy of fiscal forecasters? We have compiled a new data set of fiscal forecasts for Italy, covering the last two decades 1992-2014, and checked whether the improvement in fiscal responsibility has reduced forecast errors. Neither the improvement in fiscal responsibility nor the political reforms reduced the optimistic bias in the fiscal projections of public and private forecasters.
Matèries
Matèries (anglès)
Citació
Citació
CARABOTTA, Laura, PALUZIE, Elisenda and RAMOS LOBO, Raúl. Does fiscal responsibility matter? Evidence from public and private forecasters in Italy. International Journal of Forecasting. 2017. Vol. 33, num. 3, pags. 694-706. ISSN 0169-2070. [consulted: 15 of August of 2026]. Available at: https://hdl.handle.net/2445/110435