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Consensual Prognostic Model and the Forecasts Made by the Russian Government Institutions

Author

Listed:
  • Mikhail A. Karev

    (Budget and Treasury Academy of the Ministry of Finance of the Russian Federation, Moscow, Russia)

Abstract

The consensual prognostic model has been widely used by the international economists due to the fact that it is an efficient and easy-to-use tool that can help assess the results gained quickly. The Russian economists predominantly demonstrate negative attitudes when it comes to the model use. That is why the model is not widely used for the purposes of the budget parameters forecasting. The article author takes into account the fact that the real life and forecast Russian budget revenue figures differ from one another significantly and examines the prospects of using the model in Russia.

Suggested Citation

  • Mikhail A. Karev, 2011. "Consensual Prognostic Model and the Forecasts Made by the Russian Government Institutions," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 2, pages 87-94, April.
    • Handle: RePEc:fru:finjrn:110208:p:87-94
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    More about this item

    Keywords

    consensual prognostic model; forecasting; public budget; public revenue; taxation;
    All these keywords.

    JEL classification:

    • C20 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - General
    • C30 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - General

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