000 01548nab a2200241 c 4500
999 _c149797
_d149797
003 ES-MaIEF
005 20240919145744.0
007 ta
008 240913s2024 gw |||p| |||| 00| 0 eng d
040 _aES-MaIEF
_beng
_cES-MaIEF
041 _aeng
100 _962093
_aCronin, David
245 1 0 _aInstitutional quality and official budgetary forecast performance in EU member states
_c David Cronin and Niall Mclnerney
260 _c2024
504 _aBibliografía
520 _aMedium-term budgetary frameworks are institutional arrangements at national level intended to improve the official forecasts of EU member states. The influence of those frameworks, and other variables, on official forecasts of output growth and the budget balance ratio in 24 EU member states over the years 2008 to 2019 is assessed here using quantile regressions. The framework acts to offset undue optimism in forecasting, with that effect tending to be at its strongest at those quantiles where forecasts are at their most optimistic and the attendant danger of the breaching of deficit limits from that source is at its greatest. Such an institution then provides an ameliorating influence against general biases and factors that cause errors in official forecasts.
650 4 _948118
_aPREVISIONES ECONOMICAS
650 4 _943701
_aEQUILIBRIO ECONOMICO
650 0 _971139
_aUNION EUROPEA
700 _971961
_aMclnerney, Niall
773 0 _9172289
_oOP 207/2024/2
_tFinanzArchiv
_w(IEF)21244
_x 0015-2218
_g v. 80, n. 2, June 2024, p. 165-192
942 _cART