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Type: Journal Articles Authors: Teresa Leal, Javier J Pérez, Mika Tujula and Jean-Pierre Vidal ISSN: Print: 0143-5671 Online: 1475-5890
Published in: Fiscal Studies, Vol. 29, No. 3, September 2008
Volume, issue, pages: Vol. 29, No. 3, pp. 347 - 386
JEL classification: H6, E62, C53
While fiscal forecasting and monitoring has its roots in the accountability of governments for the use of public funds in democracies, the Stability and Growth Pact has significantly increased interest in budgetary forecasts in Europe, where they play a key role in EU multilateral budgetary surveillance. In view of the increased prominence and sensitivity of budgetary forecasts, which may lead to them being influenced by strategic and political factors, this paper discusses the main issues and challenges in the field of fiscal forecasting from a practitioner's perspective and places them in the context of the related literature. Search |
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