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Actualization of Macroeconomic Forecasts for Aim of Fiscal Process

Author

Listed:
  • Igor Yu. Varjas

    (Financial Research Institute, Moscow 127006, Russia)

  • Kristina V. Shvandar

    (Financial Research Institute, Moscow 127006, Russia)

  • Tatiana F. Burova

    (Financial Research Institute, Moscow 127006, Russia)

Abstract

The article discusses the possibility of using the new database-driven dynamic forecasting of macroeconomic indicators to clarify the short- and medium-term budget projections. A study of existing systems, which are used to generate forecasts and their timely adjustment. The conclusion of the article is about the need for a balanced system of adjustments to update the forecasts in the fiscal process.

Suggested Citation

  • Igor Yu. Varjas & Kristina V. Shvandar & Tatiana F. Burova, 2014. "Actualization of Macroeconomic Forecasts for Aim of Fiscal Process," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 4, pages 118-128, December.
    • Handle: RePEc:fru:finjrn:140411:p:118-128
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    Citations

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    Cited by:

    1. Kristina V. Shvandar & Vsevolod Y. Cherkasov & Tatiana F. Burova, 2017. "Dutch Disease: Applying the Budget Rule and the Role of Structural Reforms," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 5, pages 20-32, October.

    More about this item

    Keywords

    balance sheet; forecast; macroeconomics; economic expectations; exchange rate; the price of oil; business confidence indexes;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • E64 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Incomes Policy; Price Policy

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