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How Do Canadian Budget Forecasts Compare with Those of Other Industrial Countries?

Author

Listed:
  • Mr. Martin Mühleisen
  • Ms. Kornelia Krajnyak
  • Mr. Stephan Danninger
  • Mr. David Hauner
  • Mr. Bennett W Sutton

Abstract

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 Canada's asymmetric deficit target, have likely contributed to this outcome.

Suggested Citation

  • Mr. Martin Mühleisen & Ms. Kornelia Krajnyak & Mr. Stephan Danninger & Mr. David Hauner & Mr. Bennett W Sutton, 2005. "How Do Canadian Budget Forecasts Compare with Those of Other Industrial Countries?," IMF Working Papers 2005/066, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2005/066
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    References listed on IDEAS

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