How Do Canadian Budget Forecasts Compare with Those of Other Industrial Countries? /

This paper compares Canadian central government budget forecasting with forecasting by other industrial countries. While fiscal forecasting in Canada is governed by one of the strongest institutional frameworks, quantitative analysis suggests that budget projections of macroeconomic and fiscal aggre...

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Bibliografische gegevens
Hoofdauteur: Muhleisen, Martin
Andere auteurs: Danninger, Stephan, Hauner, David, Krajnyak, Kornelia
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 2005.
Reeks:IMF Working Papers; Working Paper ; No. 2005/066
Online toegang:Full text available on IMF
Omschrijving
Samenvatting:This paper compares Canadian central government budget forecasting with forecasting by other industrial countries. While fiscal forecasting in Canada is governed by one of the strongest institutional frameworks, quantitative analysis suggests that budget projections of macroeconomic and fiscal aggregates have been more cautious than in other countries since the mid-1990s. The relatively volatile macroeconomic environment as well as institutional factors, such as Canada's asymmetric deficit target, have likely contributed to this outcome.
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Fysieke beschrijving:1 online resource (49 pages)
Formaat:Mode of access: Internet
ISSN:1018-5941
Toegang:Electronic access restricted to authorized BRAC University faculty, staff and students