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.
- Language
-
Englisch
- Bibliographic citation
-
Journal: SERIEs - Journal of the Spanish Economic Association ; ISSN: 1869-4195 ; Volume: 2 ; Year: 2011 ; Issue: 1 ; Pages: 97-119 ; Heidelberg: Springer
- Classification
-
Wirtschaft
Forecasting Models; Simulation Methods
- Subject
-
fiscal forecasting
fiscal policies
mixed frequency data
Kalman filter
Öffentlicher Sektor
Zustandsraummodell
Prognose
Spanien
- Event
-
Geistige Schöpfung
- (who)
-
Leal, Teresa
Pedregal, Diego J.
Pérez, Javier J.
- Event
-
Veröffentlichung
- (who)
-
Springer
- (where)
-
Heidelberg
- (when)
-
2011
- DOI
-
doi:10.1007/s13209-010-0018-3
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Leal, Teresa
- Pedregal, Diego J.
- Pérez, Javier J.
- Springer
Time of origin
- 2011
Other Objects (12)
Determinants of Short-Term Debt
Determinants of short-term debt
Determinants of Short-Term Debt
Decomposing short-term return reversal
Handbook of short-term psychotherapy
Long-term consequences of short-term fellowships
Short-term decisions under long-term uncertainty
Long-term consequences of short-term fellowships
Striking a balance : outcomes of short-term Mono-J placement following ureterorenoscopy
Short-Term Managerial Contracts and Cartels
Power system short-term load forecasting
Short-term tests for chemical carcinogens
Determinants of Short-Term Debt
Determinants of short-term debt
Determinants of Short-Term Debt
Decomposing short-term return reversal
Handbook of short-term psychotherapy
Long-term consequences of short-term fellowships
Short-term decisions under long-term uncertainty
Long-term consequences of short-term fellowships
Striking a balance : outcomes of short-term Mono-J placement following ureterorenoscopy
Short-Term Managerial Contracts and Cartels
Power system short-term load forecasting
Short-term tests for chemical carcinogens
Determinants of Short-Term Debt
Determinants of short-term debt
Determinants of Short-Term Debt
Decomposing short-term return reversal
Handbook of short-term psychotherapy
Long-term consequences of short-term fellowships
Short-term decisions under long-term uncertainty
Long-term consequences of short-term fellowships
Striking a balance : outcomes of short-term Mono-J placement following ureterorenoscopy
Short-Term Managerial Contracts and Cartels
Power system short-term load forecasting