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

Author/Editor: Mühleisen, Martin ; Danninger, Stephan ; Hauner, David ; Krajnyák, Kornélia ; Sutton, Bennett
Publication Date: March 01, 2005
Summary: 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.
Subject(s): Budgets | Canada | Economic forecasting | Forecasting models

Author's Keyword(s): Canada | budget forecasting | fiscal performance | industrial countries | macroeconomic projections
Publication Date: March 01, 2005
ISBN/ISSN: 1934-7073 Format: Paper
Stock No: WPIEA2005066 Pages: 49
US$15.00 (Academic Rate:
US$15.00 )
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