Arbeitspapier
Should quarterly government finance statistics be used for fiscal surveillane in Europe?
We use a newly available dataset of euro area quarterly national accounts fiscal data and construct multi-variate, state-space mixed-frequencies models for the government deficit, revenue and expenditure in order to assess its information content and its potential use for fiscal forecasting and monitoring purposes. The models are estimated with annual and quarterly national accounts fiscal data, but also incorporate monthly information taken from the cash accounts of the governments. The results show the usefulness of our approach for real-time fiscal policy surveillance in Europe, given the current policy framework in which the relevant official figures are expressed in annual terms.
- Sprache
-
Englisch
- Erschienen in
-
Series: ECB Working Paper ; No. 937
- Klassifikation
-
Wirtschaft
Forecasting Models; Simulation Methods
- Thema
-
Fiscal policies
forecasting
Mixed frequency data
Unobserved Components
Finanzpolitik
Finanzstatistik
Haushaltsdefizit
Prognoseverfahren
Frühindikator
EU-Staaten
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Pedregal, Diego J.
Pérez, Javier J.
- Ereignis
-
Veröffentlichung
- (wer)
-
European Central Bank (ECB)
- (wo)
-
Frankfurt a. M.
- (wann)
-
2008
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Pedregal, Diego J.
- Pérez, Javier J.
- European Central Bank (ECB)
Entstanden
- 2008
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