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Fiscal data revisions in Europe

Author

Listed:
  • Pérez, Javier J.
  • de Castro Fernández, Francisco
  • Rodríguez-Vives, Marta

Abstract

Public deficit figures are subject to revisions, as most macroeconomic aggregates are. Nevertheless, in the case of Europe, the latter could be particularly worrisome given the role of fiscal data in the functioning of EU JEL Classification: E01, E21, E24, E31, E5, H60

Suggested Citation

  • Pérez, Javier J. & de Castro Fernández, Francisco & Rodríguez-Vives, Marta, 2011. "Fiscal data revisions in Europe," Working Paper Series 1342, European Central Bank.
    • Handle: RePEc:ecb:ecbwps:20111342
    Note: 1649295
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    References listed on IDEAS

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    More about this item

    Keywords

    data revisions; fiscal statistics; news and noise; rationality; real-time data;
    All these keywords.

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General

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