Artikel
Short-term monitoring of the Spanish government balance
We construct multivariate, state-space mixed-frequencies models for the main components of the Spanish General Government sector made up of blocks for each one of its subsectors: Central Government, Social Security and aggregate of Regional and Local government sectors. Each block is modelled through its total revenue and expenditure categories, and encompasses a number of indicators, depending on data availability. The mixed-frequencies approach is particularly relevant for the case of Spain, given its institutional set-up and the specific data availability for the different subsectors. All in all, we provide models detailed enough in coverage, while at the same time manageable, to be used: (1) for real-time monitoring of fiscal policies with a focus on quarterly developments of the General Government sector, (2) for the monitoring of general government sub-sectors for which intra-annual data coverage is limited (Regional and Local governments), (3) to bridge (translate) into National Accounts availablemonthly information for the subsectors of the general government.
- Sprache
-
Englisch
- Erschienen in
-
Journal: SERIEs - Journal of the Spanish Economic Association ; ISSN: 1869-4195 ; Volume: 2 ; Year: 2011 ; Issue: 1 ; Pages: 97-119 ; Heidelberg: Springer
- Klassifikation
-
Wirtschaft
Forecasting Models; Simulation Methods
- Thema
-
fiscal forecasting
fiscal policies
mixed frequency data
Kalman filter
Öffentlicher Sektor
Zustandsraummodell
Prognose
Spanien
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Leal, Teresa
Pedregal, Diego J.
Pérez, Javier J.
- Ereignis
-
Veröffentlichung
- (wer)
-
Springer
- (wo)
-
Heidelberg
- (wann)
-
2011
- DOI
-
doi:10.1007/s13209-010-0018-3
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Leal, Teresa
- Pedregal, Diego J.
- Pérez, Javier J.
- Springer
Entstanden
- 2011
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