Published in:IMF Working Papers, Vol. , pp. 1-49, 2005
Extent:
1 Online-Ressource (50 p)
Language:
English
DOI:
10.2139/ssrn.888112
Identifier:
Origination:
Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 2005 erstellt
Description:
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 Canadaamp;apos's asymmetric deficit target, have likely contributed to this outcome