How Do Canadian Budget Forecasts Compare with Those of Other Industrial Countries?
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Gultekin Isiklar & Kajal Lahiri & Prakash Loungani, 2006.
"How quickly do forecasters incorporate news? Evidence from cross‐country surveys,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 21(6), pages 703-725, September.
- Kajal Lahiri & Gultekin Isiklar & Prakash Loungani, 2006. "How quickly do forecasters incorporate news? Evidence from cross-country surveys," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 21(6), pages 703-725.
- Isiklar, Gultekin & Lahiri, Kajal & Loungani, Prakash, 2006. "How quickly do forecasters incorporate news? Evidence from cross-country surveys," MPRA Paper 22065, University Library of Munich, Germany.
- Lars Jonung & Martin Larch, 2006.
"Improving fiscal policy in the EU: the case for independent forecasts [‘Fiscal forecasting: The track record of the IMF, OECD and EC’],"
Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 21(47), pages 492-534.
- Lars Jonung & Martin Larch, 2004. "Improving fiscal policy in the EU: the case for independent forecasts," European Economy - Economic Papers 2008 - 2015 210, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
- Rolf Strauch & Mark Hallerberg & Jürgen von Hagen, 2004.
"Budgetary Forecasts in Europe – The Track Record of Stability and Convergence Programmes,"
Economic Working Papers at Centro de Estudios Andaluces
E2004/42, Centro de Estudios Andaluces.
- Strauch, Rolf & Hallerberg, Mark & von Hagen, Jürgen, 2004. "Budgetary forecasts in Europe - the track record of stability and convergence programmes," Working Paper Series 307, European Central Bank.
- Loungani, Prakash, 2001.
"How accurate are private sector forecasts? Cross-country evidence from consensus forecasts of output growth,"
International Journal of Forecasting, Elsevier, vol. 17(3), pages 419-432.
- Mr. Prakash Loungani, 2000. "How Accurate Are Private Sector Forecasts: Cross-Country Evidence From Consensus Forecasts of Output Growth," IMF Working Papers 2000/077, International Monetary Fund.
- Ms. Teresa Daban Sanchez & Mr. Steven A. Symansky & Mr. Gian M Milesi-Ferretti & Ms. Enrica Detragiache & Gabriel Di Bella, 2003. "Rules-Based Fiscal Policy in France, Germany, Italy, and Spain," IMF Occasional Papers 2003/009, International Monetary Fund.
- Unknown, 1986. "Letters," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 1(4), pages 1-9.
- Fair, Ray C & Shiller, Robert J, 1990. "Comparing Information in Forecasts from Econometric Models," American Economic Review, American Economic Association, vol. 80(3), pages 375-389, June.
- Ashley, R & Granger, C W J & Schmalensee, R, 1980. "Advertising and Aggregate Consumption: An Analysis of Causality," Econometrica, Econometric Society, vol. 48(5), pages 1149-1167, July.
- Ash, J. C. K. & Smyth, D. J. & Heravi, S. M., 1998. "Are OECD forecasts rational and useful?: a directional analysis," International Journal of Forecasting, Elsevier, vol. 14(3), pages 381-391, September.
- Roy Batchelor, 2001. "How useful are the forecasts of intergovernmental agencies? The IMF and OECD versus the consensus," Applied Economics, Taylor & Francis Journals, vol. 33(2), pages 225-235.
- Zellner, Arnold, 1986. "Biased predictors, rationality and the evaluation of forecasts," Economics Letters, Elsevier, vol. 21(1), pages 45-48.
- Mr. Michael J. Artis, 1996. "How Accurate Are the Imf's Short-Term Forecasts? Another Examination of the World Economic Outlook," IMF Working Papers 1996/089, International Monetary Fund.
- Mr. George Kopits & Mr. Steven A. Symansky, 1998. "Fiscal Policy Rules," IMF Occasional Papers 1998/011, International Monetary Fund.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Jeffrey Frankel & Jesse Schreger, 2013.
"Over-optimistic official forecasts and fiscal rules in the eurozone,"
Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 149(2), pages 247-272, June.
- Jeffrey Frankel & Jesse Schreger, "undated". "Over-optimistic official forecasts and fiscal rules in the eurozone," Working Paper 83166, Harvard University OpenScholar.
- Jeffrey Frankel & Jesse Schreger, "undated". "Over-optimistic official forecasts and fiscal rules in the eurozone," Working Paper 83126, Harvard University OpenScholar.
- Frankel, Jeffrey A. & Schreger, Jesse M, 2013. "Over-optimistic Official Forecasts and Fiscal Rules in the Eurozone," Scholarly Articles 9804488, Harvard Kennedy School of Government.
- Jeffrey A. Frankel & Jesse Schreger, 2012.
"Over-optimistic Official Forecasts in the Eurozone and Fiscal Rules,"
NBER Working Papers
18283, National Bureau of Economic Research, Inc.
- Frankel, Jeffrey A. & Schreger, Jesse, 2012. "Over-Optimistic Official Forecasts in the Eurozone and Fiscal Rules," Working Paper Series rwp12-041, Harvard University, John F. Kennedy School of Government.
- Teresa Leal & Javier J. Pérez & Mika Tujula & Jean-Pierre Vidal, 2008.
"Fiscal Forecasting: Lessons from the Literature and Challenges,"
Fiscal Studies, Institute for Fiscal Studies, vol. 29(3), pages 347-386, September.
- Leal, Teresa & Pérez, Javier J. & Tujula, Mika & Vidal, Jean-Pierre, 2007. "Fiscal forecasting: lessons from the literature and challenges," Working Paper Series 843, European Central Bank.
- Simon van Norden, 2015. "Estimates of Québec’s Growth Uncertainty," CIRANO Project Reports 2015rp-01, CIRANO.
- Mr. Anthony M Annett, 2006. "Enforcement and the Stability and Growth Pact: How Fiscal Policy Did and Did Not Change Under Europe’s Fiscal Framework," IMF Working Papers 2006/116, International Monetary Fund.
- Jeffrey Frankel, 2011.
"Over-optimism in forecasts by official budget agencies and its implications,"
Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 27(4), pages 536-562.
- Frankel, Jeffrey A., 2011. "Over-optimism in Forecasts by Official Budget Agencies and its Implications," Scholarly Articles 8705906, Harvard Kennedy School of Government.
- Jeffrey A. Frankel, 2011. "Over-optimism in Forecasts by Official Budget Agencies and Its Implications," NBER Working Papers 17239, National Bureau of Economic Research, Inc.
- Robert Hagemann, 2011. "How Can Fiscal Councils Strengthen Fiscal Performance?," OECD Journal: Economic Studies, OECD Publishing, vol. 2011(1), pages 1-24.
- repec:kap:iaecre:v:13:y:2007:i:3:p:347-364 is not listed on IDEAS
- Jeffrey Frankel, 2013.
"A Solution to Fiscal Procyclicality: The Structural Budget Institutions Pioneered by Chile,"
Central Banking, Analysis, and Economic Policies Book Series, in: Luis Felipe Céspedes & Jordi Galí (ed.),Fiscal Policy and Macroeconomic Performance, edition 1, volume 17, chapter 9, pages 323-391,
Central Bank of Chile.
- Jeffrey Frankel, 2011. "A Solution to Fiscal Procyclicality: the Structural Budget Institutions Pioneered by Chile," Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 14(2), pages 39-78, August.
- Jeffrey A. Frankel, 2011. "A Solution to Fiscal Procyclicality: The Structural Budget Institutions Pioneered by Chile," NBER Working Papers 16945, National Bureau of Economic Research, Inc.
- Jeffrey Frankel, 2011. "A Solution to Fiscal Procyclicality: the Structural Budget Institutions Pioneered by Chile," Working Papers Central Bank of Chile 604, Central Bank of Chile.
- Jeffrey Frankel, 2011. "A Solution to Fiscal Procyclicality: The Structural Budget Institutions Pioneered by Chile," CID Working Papers 216, Center for International Development at Harvard University.
- Gerardo Uña, 2005. "El Congreso y el Presupuesto Nacional : Desempeño y Condicionantes de su rol en el Proceso Presupuestario," Public Economics 0508013, University Library of Munich, Germany.
- Peter Heller & David Hauner, 2006. "Fiscal policy in the face of long-term expenditure uncertainties," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 13(4), pages 325-350, August.
- Zidong An & Joao Tovar Jalles, 2020.
"On the performance of US fiscal forecasts: government vs. private information,"
Journal of Economic Studies, Emerald Group Publishing Limited, vol. 48(2), pages 367-391, June.
- Zidong An & João Tovar Jalles, 2020. "On the Performance of US Fiscal Forecasts: Government vs. Private Information," Working Papers REM 2020/0130, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
- Martin Keene & Peter Thomson, 2007. "An Analysis of Tax Revenue Forecast Errors," Treasury Working Paper Series 07/02, New Zealand Treasury.
- Mr. Peter S. Heller & Mr. David Hauner, 2005. "Characterizing the Expenditure Uncertainties of Industrial Countries in the 21st Century," IMF Working Papers 2005/091, International Monetary Fund.
- Xavier Debrun & David Hauner & Manmohan S. Kumar, 2009. "Independent Fiscal Agencies," Journal of Economic Surveys, Wiley Blackwell, vol. 23(1), pages 44-81, February.
- Robert P. Hagemann, 2010. "Improving Fiscal Performance Through Fiscal Councils," OECD Economics Department Working Papers 829, OECD Publishing.
- Cepparulo, Alessandra & Gastaldi, Francesca & Giuriato, Luisa & Sacchi, Agnese, 2011. "Budgeting versus implementing fiscal policy:the Italian case," MPRA Paper 32474, University Library of Munich, Germany.
- Jeffrey A. Frankel & Jesse Schreger, 2016.
"Bias in Official Fiscal Forecasts: Can Private Forecasts Help?,"
NBER Working Papers
22349, National Bureau of Economic Research, Inc.
- Frankel, Jeffrey A. & Schreger, Jesse, 2016. "Bias in Official Fiscal Forecasts: Can Private Forecasts Help?," Working Paper Series 16-021, Harvard University, John F. Kennedy School of Government.
- Rossana Merola & Javier J. Pérez, 2012.
"Fiscal forecast errors: governments vs independent agencies?,"
Working Papers
1233, Banco de España.
- Javier J. Perez & Rossana Merola, 2012. "Fiscal forecast errors: governments vs independent agencies?," EcoMod2012 4694, EcoMod.
- Frankel, Jeffrey, 2011.
"A Solution to Overoptimistic Forecasts and Fiscal Procyclicality: The Structural Budget Institutions Pioneered by Chile,"
Working Paper Series
11-012, Harvard University, John F. Kennedy School of Government.
- Frankel, Jeffrey A., 2011. "A Solution to Overoptimistic Forecasts and Fiscal Procyclicality: The Structural Budget Institutions Pioneered by Chile," Scholarly Articles 4723209, Harvard Kennedy School of Government.
- Thiess Büttner & Björn Kauder, 2008. "Methods of Revenue Forecasting: An International Comparison," ifo Forschungsberichte, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 44.
- David Hauner, 2007. "Aging: Some Pleasant Fiscal Arithmetic," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 13(3), pages 347-364, August.
- William Easterly, 2012. "The Role of Growth Slowdowns and Forecast Errors in Public Debt Crises," NBER Chapters, in: Fiscal Policy after the Financial Crisis, pages 151-173, National Bureau of Economic Research, Inc.
- William Easterly, 2015. "Fiscal Policy, Debt Crises, and Economic Growth," Central Banking, Analysis, and Economic Policies Book Series, in: Ricardo J. Caballero & Klaus Schmidt-Hebbel (ed.),Economic Policies in Emerging-Market Economies Festschrift in Honor of Vittorio Corbo, edition 1, volume 21, chapter 8, pages 139-154, Central Bank of Chile.
- Jalles, João Tovar & Karibzhanov, Iskander & Loungani, Prakash, 2015. "Cross-country evidence on the quality of private sector fiscal forecasts," Journal of Macroeconomics, Elsevier, vol. 45(C), pages 186-201.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Cepparulo, Alessandra & Gastaldi, Francesca & Giuriato, Luisa & Sacchi, Agnese, 2011. "Budgeting versus implementing fiscal policy:the Italian case," MPRA Paper 32474, University Library of Munich, Germany.
- Tsuchiya, Yoichi, 2023. "Assessing the World Bank’s growth forecasts," Economic Analysis and Policy, Elsevier, vol. 77(C), pages 64-84.
- Zidong An & Joao Tovar Jalles, 2020.
"On the performance of US fiscal forecasts: government vs. private information,"
Journal of Economic Studies, Emerald Group Publishing Limited, vol. 48(2), pages 367-391, June.
- Zidong An & João Tovar Jalles, 2020. "On the Performance of US Fiscal Forecasts: Government vs. Private Information," Working Papers REM 2020/0130, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
- Krkoska, Libor & Teksoz, Utku, 2009. "How reliable are forecasts of GDP growth and inflation for countries with limited coverage?," Economic Systems, Elsevier, vol. 33(4), pages 376-388, December.
- Roy Batchelor, 2007. "Forecaster Behaviour and Bias in Macroeconomic Forecasts," ifo Working Paper Series 39, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
- Masahiro Ashiya, 2006. "Testing the rationality of forecast revisions made by the IMF and the OECD," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 25(1), pages 25-36.
- Yoichi Tsuchiya, 2021. "Thirty‐year assessment of Asian Development Bank's forecasts," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 35(2), pages 18-40, November.
- Oller, Lars-Erik & Barot, Bharat, 2000.
"The accuracy of European growth and inflation forecasts,"
International Journal of Forecasting, Elsevier, vol. 16(3), pages 293-315.
- Öller, Lars-Erik & Barot, Bharat, 2000. "The Accuracy of European Growth and Inflation Forecasts," Working Papers 72, National Institute of Economic Research.
- Stekler, H.O., 2007. "The future of macroeconomic forecasting: Understanding the forecasting process," International Journal of Forecasting, Elsevier, vol. 23(2), pages 237-248.
- Krkoska, Libor & Teksoz, Utku, 2007. "Accuracy of GDP growth forecasts for transition countries: Ten years of forecasting assessed," International Journal of Forecasting, Elsevier, vol. 23(1), pages 29-45.
- Masahiro Ashiya, 2006. "Are 16-month-ahead forecasts useful? A directional analysis of Japanese GDP forecasts," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 25(3), pages 201-207.
- Batchelor, Roy, 2007. "Bias in macroeconomic forecasts," International Journal of Forecasting, Elsevier, vol. 23(2), pages 189-203.
- repec:lan:wpaper:470 is not listed on IDEAS
- Frenkel, Michael & Rülke, Jan-Christoph & Zimmermann, Lilli, 2013. "Do private sector forecasters chase after IMF or OECD forecasts?," Journal of Macroeconomics, Elsevier, vol. 37(C), pages 217-229.
- Jalles, João Tovar, 2017. "On the rationality and efficiency of inflation forecasts: Evidence from advanced and emerging market economies," Research in International Business and Finance, Elsevier, vol. 40(C), pages 175-189.
- Isiklar, Gultekin & Lahiri, Kajal, 2007.
"How far ahead can we forecast? Evidence from cross-country surveys,"
International Journal of Forecasting, Elsevier, vol. 23(2), pages 167-187.
- Kajal Lahiri & Gultekin Isiklar, 2006. "How Far Ahead Can We Forecast? Evidence From Cross-country Surveys," Discussion Papers 06-04, University at Albany, SUNY, Department of Economics.
- Ager, P. & Kappler, M. & Osterloh, S., 2009.
"The accuracy and efficiency of the Consensus Forecasts: A further application and extension of the pooled approach,"
International Journal of Forecasting, Elsevier, vol. 25(1), pages 167-181.
- Ager, Philipp & Kappler, Marcus & Osterloh, Steffen, 2007. "The Accuracy and Efficiency of the Consensus Forecasts: A Further Application and Extension of the Pooled Approach," ZEW Discussion Papers 07-058, ZEW - Leibniz Centre for European Economic Research.
- Philip Hans Franses & Max Welz, 2020.
"Does More Expert Adjustment Associate with Less Accurate Professional Forecasts?,"
JRFM, MDPI, vol. 13(3), pages 1-8, March.
- Franses, Ph.H.B.F. & Welz, M., 2020. "Does More Expert Adjustment Associate with Less Accurate Professional Forecasts?," Econometric Institute Research Papers EI-1687, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
- Jos Jansen & Jasper de Winter, 2016. "Improving model-based near-term GDP forecasts by subjective forecasts: A real-time exercise for the G7 countries," DNB Working Papers 507, Netherlands Central Bank, Research Department.
- Ashiya, Masahiro, 2007. "Forecast accuracy of the Japanese government: Its year-ahead GDP forecast is too optimistic," Japan and the World Economy, Elsevier, vol. 19(1), pages 68-85, January.
- Mr. Marcos Poplawski Ribeiro & Jan-Christoph Rülke, 2011. "Fiscal Expectations Under the Stability and Growth Pact: Evidence from Survey Data," IMF Working Papers 2011/048, International Monetary Fund.
More about this item
Keywords
WP; private sector; benchmark country; nominal GDP; country authorities; Canada; Budget Forecasting; Fiscal Performance; Industrial Countries; Macroeconomic Projections; fiscal policy; standard deviation; macroeconomic assumption; budget vote; IMF country desk; Budget planning and preparation; Macroeconomic and fiscal forecasts; Australia and New Zealand;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:imf:imfwpa:2005/066. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Akshay Modi (email available below). General contact details of provider: https://edirc.repec.org/data/imfffus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.