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Fiscal Adjustment to Cyclical Developments in the OECD: An Empirical Analysis Based on Real-Time Data
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Cited by:
- Julia Darby & Jacques Melitz, 2011.
"Joint Estimates of Automatic and Discretionary Fiscal Policy: the OECD 1981-2003,"
Working Papers
2011-14, CEPII research center.
- Darby, Julia & Melitz, Jacques, 2012. "Joint estimates of automatic and discretionary fiscal policy: the OECD 1981-2003," SIRE Discussion Papers 2012-81, Scottish Institute for Research in Economics (SIRE).
- Julia Darby & Jacques Melitz, 2012. "Joint estimates of automatic and discretionary fiscal policy: the OECD 1981-2003," Heriot-Watt University Economics Discussion Papers 1210, Department of Economics, School of Management and Languages, Heriot Watt University.
- Jacques Melitz & Julia Darby, 2011. "Joint Estimates of Automatic and Discretionary Fiscal Policy: The OECD 1981-2003," Working Papers 2011-11, Center for Research in Economics and Statistics.
- Melitz, Jacques & Darby, Julia, 2011. "Joint estimates of automatic and discretionary fiscal policy: the OECD 1981-2003," CEPR Discussion Papers 8342, C.E.P.R. Discussion Papers.
- Cronin, David & McQuinn, Kieran, 2020. "Are official forecasts of output growth in the EU still biased? Evidence from stability and convergence programmes and the European Commission’s Spring forecasts," Papers WP681, Economic and Social Research Institute (ESRI).
- repec:hal:spmain:info:hdl:2441/5a3rl1um0d9rdbe3itnk6f8m89 is not listed on IDEAS
- Heinemann, Friedrich & Janeba, Eckhard & Schröder, Christoph & Streif, Frank, 2016.
"Fiscal rules and compliance expectations – Evidence for the German debt brake,"
Journal of Public Economics, Elsevier, vol. 142(C), pages 11-23.
- Heinemann, Friedrich & Janeba, Eckhard & Schröder, Christoph & Streif, Frank, 2014. "Fiscal rules and compliance expectations: Evidence for the German debt brake," ZEW Discussion Papers 14-034, ZEW - Leibniz Centre for European Economic Research.
- repec:edn:sirdps:400 is not listed on IDEAS
- Álvaro M. Pina, 2009. "Elusive Counter-Cyclicality and Deliberate Opportunism? Fiscal Policy from Plans to Final Outcomes," Working Papers w200906, Banco de Portugal, Economics and Research Department.
- Jérôme Creel, 2021.
"Establishing a Fiscal Dialogue in Europe,"
Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 63(3), pages 339-355, September.
- Jérôme Creel, 2021. "Establishing a fiscal dialogue in Europe," SciencePo Working papers Main hal-03363670, HAL.
- Jérôme Creel, 2021. "Establishing a fiscal dialogue in Europe," Working Papers hal-03363670, HAL.
- Maritta Paloviita, 2017.
"Real time uncertainty in fiscal planning and debt accumulation in the euro area,"
International Economics and Economic Policy, Springer, vol. 14(1), pages 43-59, January.
- Paloviita, Maritta, 2012. "Real time uncertainty in fiscal planning and debt accumulation in the euro area," Research Discussion Papers 35/2012, Bank of Finland.
- Balázs Égert, 2014.
"Fiscal policy reaction to the cycle in the OECD: pro- or counter-cyclical?,"
Mondes en développement, De Boeck Université, vol. 0(3), pages 35-52.
- Balázs Égert, 2010. "Fiscal Policy Reaction to the Cycle in the OECD: Pro- or Counter-cyclical?," OECD Economics Department Working Papers 763, OECD Publishing.
- Balázs Égert, 2012. "Fiscal Policy Reaction to the Cycle in the OECD: Pro- or Counter-cyclical?," EconomiX Working Papers 2012-12, University of Paris Nanterre, EconomiX.
- Balázs Égert, 2014. "Fiscal policy reaction to the cycle in the OECD: pro- or counter-cyclical?," Post-Print hal-01386041, HAL.
- Balazs Egert, 2012. "Fiscal Policy Reaction to the Cycle in the OECD: Pro- or Counter-Cyclical?," CESifo Working Paper Series 3777, CESifo.
- Balázs Egert, 2012. "Fiscal Policy Reaction to the Cycle in the OECD: Pro- or Counter-cyclical?," Working Papers hal-04141091, HAL.
- Cassette, Aurélie & Creel, Jérôme & Farvaque, Etienne & Paty, Sonia, 2013.
"Governments under influence: Country interactions in discretionary fiscal policy,"
Economic Modelling, Elsevier, vol. 30(C), pages 79-89.
- Aurélie Cassette & Jerome Creel & Etienne Farvaque & Sonia Paty, 2010. "Governments under influence: Country interactions in discretionary fiscal policy," Documents de Travail de l'OFCE 2010-25, Observatoire Francais des Conjonctures Economiques (OFCE).
- Aurélie Cassette & Jérôme Creel & Étienne Farvaque & Sonia Paty, 2013. "Governments under influence: Country interactions in discretionary fiscal policy," SciencePo Working papers Main halshs-00752257, HAL.
- Aurélie Cassette & Jérôme Creel & Étienne Farvaque & Sonia Paty, 2013. "Governments under influence: Country interactions in discretionary fiscal policy," Post-Print halshs-00752257, HAL.
- Bénétrix, Agustín S. & Lane, Philip R., 2013.
"Fiscal cyclicality and EMU,"
Journal of International Money and Finance, Elsevier, vol. 34(C), pages 164-176.
- Agustín S. Bénétrix & Philip R. Lane, 2012. "Fiscal Cyclicality and EMU," The Institute for International Integration Studies Discussion Paper Series iiisdp403, IIIS.
- Laura Carabotta & Peter Claeys, 2024.
"Combine to compete: Improving fiscal forecast accuracy over time,"
Journal of Forecasting, John Wiley & Sons, Ltd., vol. 43(4), pages 948-982, July.
- Laura Carabotta & Peter Claeys, 2015. "Combine to compete: improving fiscal forecast accuracy over time," UB School of Economics Working Papers 2015/320, University of Barcelona School of Economics.
- Pierre Aldama & Jérôme Creel, 2020.
"Asymmetric Macroeconomic Stabilization And Fiscal Consolidation In The Oecd And The Euro Area,"
SciencePo Working papers Main
hal-03403071, HAL.
- Pierre Aldama & Jérôme Creel, 2020. "Asymmetric Macroeconomic Stabilization And Fiscal Consolidation In The Oecd And The Euro Area," Working Papers hal-03403071, HAL.
- Pierre Aldama & Jérôme Creel, 2020. "Asymmetric macroeconomic stabilization and fiscal consolidation in the OECD and the Euro Area," Documents de Travail de l'OFCE 2020-09, Observatoire Francais des Conjonctures Economiques (OFCE).
- Luca Agnello & Jacopo Cimadomo, 2012.
"Discretionary Fiscal Policies over the Cycle: New Evidence Based on the ESCB Disaggregated Approach,"
International Journal of Central Banking, International Journal of Central Banking, vol. 8(2), pages 43-85, June.
- Agnello, Luca & Cimadomo, Jacopo, 2009. "Discretionary Fiscal Policies over the Cycle: New Evidence based on the ESCB Disaggregated Approach," Working Paper Series 1118, European Central Bank.
- Beetsma, Roel & Giuliodori, Massimo & Walschot, Mark & Wierts, Peter, 2013.
"Fifty years of fiscal planning and implementation in the Netherlands,"
European Journal of Political Economy, Elsevier, vol. 31(C), pages 119-138.
- Beetsma, Roel & Giuliodori, Massimo & Wierts, Peter & Walschot, Mark, 2010. "Fifty Years of Fiscal Planning and Implementation in the Netherlands," CEPR Discussion Papers 7969, C.E.P.R. Discussion Papers.
- Heimberger, Philipp, 2023. "The cyclical behaviour of fiscal policy: A meta-analysis," Economic Modelling, Elsevier, vol. 123(C).
- Jacopo Cimadomo, 2016.
"Real-Time Data And Fiscal Policy Analysis: A Survey Of The Literature,"
Journal of Economic Surveys, Wiley Blackwell, vol. 30(2), pages 302-326, April.
- Jacopo Cimadomo, 2011. "Real-time data and fiscal policy analysis: a survey of the literature," Working Papers 11-25, Federal Reserve Bank of Philadelphia.
- Jacopo Cimadomo, 2011. "Real-Time Data and Fiscal Policy Analysis: a Survey of the Literature," Working Papers 2011-20, CEPII research center.
- Cimadomo, Jacopo, 2011. "Real-time data and fiscal policy analysis: a survey of the literature," Working Paper Series 1408, European Central Bank.
- Cronin, David & McQuinn, Kieran, 2020. "The (Pro-) Cyclicality of Fiscal Policy in the EU and Governments’ Expectations of Future Output Growth: New Evidence," Papers WP683, Economic and Social Research Institute (ESRI).
- Karlis Vilerts & Olegs Tkacevs, 2016. "The Impact of Sovereign Bond Yields on Fiscal Discipline," Working Papers 2016/05, Latvijas Banka.
- 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.
- Philipp Heimberger, 2022. "The Cyclical Behaviour of Fiscal Policy During the Covid-19 Crisis," wiiw Working Papers 220, The Vienna Institute for International Economic Studies, wiiw.
- Cronin, David & McQuinn, Kieran, 2021. "Are official forecasts of output growth in the EU still biased?," Journal of Policy Modeling, Elsevier, vol. 43(2), pages 337-349.
- Tagkalakis, Athanasios, 2013.
"The effects of financial crisis on fiscal positions,"
European Journal of Political Economy, Elsevier, vol. 29(C), pages 197-213.
- Athanasios Tagkalakis, 2012. "The effects of financial crisis on fiscal positions," Working Papers 145, Bank of Greece.
- Katja Schmidt & Antoine Sigwalt, 2022. "Fiscal policy orientation in the euro area in real-time," Working papers 896, Banque de France.
- Kevin Lee & James Morley & Kian Ong & Kalvinder Shields, 2018.
"Measuring the fiscal multiplier when plans take time to implement,"
Discussion Papers
2018/10, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
- Kevin Lee & James Morley & Kian Ong & Kalvinder Shields, 2019. "Measuring the fiscal multiplier when plans take time to implement," CAMA Working Papers 2019-13, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- 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.
- David Cronin, 2020. "Are Member States’ Budgetary Policies Adhering to the EU Fiscal Rules?," Applied Economics Quarterly (formerly: Konjunkturpolitik), Duncker & Humblot GmbH, Berlin, vol. 66(1), pages 47-64.
- Combes, Jean-Louis & Minea, Alexandru & Sow, Moussé, 2017.
"Is fiscal policy always counter- (pro-) cyclical? The role of public debt and fiscal rules,"
Economic Modelling, Elsevier, vol. 65(C), pages 138-146.
- Jean-Louis Combes & Alexandru Minea & Mousse Ndoye Sow, 2017. "Is fiscal policy always counter- (pro-) cyclical? The role of public debt and fiscal rules," Post-Print hal-01682627, HAL.
- Paloviita, Maritta & Ikonen, Pasi, 2016. "How to explain errors in budget balance forecasts in euro area countries? Empirical evidence based on real-time data," Research Discussion Papers 17/2016, Bank of Finland.
- Mr. Alexander D Klemm, 2014. "Fiscal Policy in Latin America over the Cycle," IMF Working Papers 2014/059, International Monetary Fund.
- Paloviita, Maritta, 2012. "Real time uncertainty in fiscal planning and debt accumulation in the euro area," Bank of Finland Research Discussion Papers 35/2012, Bank of Finland.
- David Cronin & Kieran McQuinn, 2018.
"The Cyclicality of Irish Fiscal Policy Ex-Ante and Ex-Post,"
The Economic and Social Review, Economic and Social Studies, vol. 49(1), pages 1-16.
- Cronin, David & McQuinn, Kieran, 2017. "The cyclicality of Irish fiscal policy ex-ante and ex-post," Papers WP581, Economic and Social Research Institute (ESRI).
- repec:spo:wpmain:info:hdl:2441/5a3rl1um0d9rdbe3itnk6f8m89 is not listed on IDEAS
- Paloviita, Maritta & Ikonen, Pasi, 2016. "How to explain errors in budget balance forecasts in euro area countries? Empirical evidence based on real-time data," Bank of Finland Research Discussion Papers 17/2016, Bank of Finland.
- repec:zbw:bofrdp:2016_017 is not listed on IDEAS
- Maritta Paloviita & Pasi Ikonen, 2018. "Real-time uncertainty in budget planning: evidence from euro area countries," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 21(4), pages 281-300, October.
- Salvatore Dell'Erba & Sergio Sola, 2013. "Fiscal Policy, Interest Rates and Risk Premia in Open Economy," IHEID Working Papers 05-2013, Economics Section, The Graduate Institute of International Studies.
- repec:zbw:bofrdp:2012_035 is not listed on IDEAS
- Zeira, Joseph & Strawczynski, Michel, 2009. "Cyclicality of Fiscal Policy: Permanent and Transitory Shocks," CEPR Discussion Papers 7271, C.E.P.R. Discussion Papers.
- Julia Darby & Jacques Melitz, 2011.
"Joint estimates of automatic and discretionary fiscal policy for the OECD,"
Working Papers
1122, University of Strathclyde Business School, Department of Economics.
- Darby, Julia & Melitz, Jacques, 2011. "Joint estimates of automatic and discretionary fiscal policy for the OECD," SIRE Discussion Papers 2011-43, Scottish Institute for Research in Economics (SIRE).
- Mr. Sampawende J Tapsoba & Mr. Robert C York & Neree C.G.M. Noumon, 2016. "Can Statistical Capacity Building Help Reduce Procyclical Fiscal Policy in Developing Countries?," IMF Working Papers 2016/209, International Monetary Fund.
- Larch, Martin & Cugnasca, Alessandro & Kumps, Diederik & Orseau, Eloïse, 2019. "Fiscal policy and the assessment of output gaps in real time: An exercise in risk management," ZEW Discussion Papers 19-013, ZEW - Leibniz Centre for European Economic Research.
- European Fiscal Board (EFB), 2019. "Assessment of EU fiscal rules with a focus on the six and two-pack legislation," Reports 2019, European Fiscal Board.
- Gootjes, Bram & de Haan, Jakob, 2022. "Procyclicality of fiscal policy in European Union countries," Journal of International Money and Finance, Elsevier, vol. 120(C).
- John Lewis, 2013. "Fiscal policy in Central and Eastern Europe with real time data: cyclicality, inertia and the role of EU accession," Applied Economics, Taylor & Francis Journals, vol. 45(23), pages 3347-3359, August.
- Larch, Martin & Orseau, Eloïse & van der Wielen, Wouter, 2021.
"Do EU fiscal rules support or hinder counter-cyclical fiscal policy?,"
Journal of International Money and Finance, Elsevier, vol. 112(C).
- Martin Larch & Eloïse Orseau & Wouter van der Wielen, 2020. "Do EU Fiscal Rules Support or Hinder Counter-Cyclical Fiscal Policy?," CESifo Working Paper Series 8659, CESifo.
- Martin Larch & Eloise Orseau & Wouter Van Der Wielen, 2020. "Do EU Fiscal Rules Support or Hinder Counter-Cyclical Fiscal Policy?," JRC Working Papers on Taxation & Structural Reforms 2020-01, Joint Research Centre.
- Roel Beetsma & Benjamin Bluhm & Massimo Giuliodori & Peter Wierts, 2013. "From Budgetary Forecasts To Ex Post Fiscal Data: Exploring The Evolution Of Fiscal Forecast Errors In The European Union," Contemporary Economic Policy, Western Economic Association International, vol. 31(4), pages 795-813, October.
- 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.
- David Cronin & Niall McInerney, 2024. "Institutional Quality and Official Budgetary Forecast Performance in EU Member States," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 80(2), pages 165-192.
- Jacopo Cimadomo, 2012.
"Fiscal Policy in Real Time,"
Scandinavian Journal of Economics, Wiley Blackwell, vol. 114(2), pages 440-465, June.
- Jacopo Cimadomo, 2007. "Fiscal Policy in Real Time," Working Papers 2007-10, CEPII research center.
- Cimadomo, Jacopo, 2008. "Fiscal policy in real time," Working Paper Series 919, European Central Bank.
- Larch, Martin & Kumps, Diederik & Cugnasca, Alessandro, 2021. "Fiscal stabilisation in real time: An exercise in risk management," Economic Modelling, Elsevier, vol. 99(C).
- -, 2014. "Multi-dimensional Review of Uruguay. Volume 1: initial assessment," Coediciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 37080 edited by Cepal, September.
- Roel Beetsma & Benjamin Bluhm & Massimo Giuliodori & Peter Wierts, 2011.
"From First-Release to Ex-Post Fiscal Data: Exploring the Sources of Revision Errors in the EU,"
Tinbergen Institute Discussion Papers
11-080/2, Tinbergen Institute.
- Beetsma, Roel & Giuliodori, Massimo & Wierts, Peter & Bluhm, Benjamin, 2011. "From First-Release to Ex-Post Fiscal Data: Exploring the Sources of Revision Errors in the EU," CEPR Discussion Papers 8413, C.E.P.R. Discussion Papers.
- 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.
- John Lewis, 2013.
"Fiscal policy in Central and Eastern Europe with real time data: cyclicality, inertia and the role of EU accession,"
Applied Economics, Taylor & Francis Journals, vol. 45(23), pages 3347-3359, August.
- John Lewis, 2009. "Fiscal policy in Central and Eastern Europe with real time data: Cyclicality, inertia and the role of EU accession," DNB Working Papers 214, Netherlands Central Bank, Research Department.
- Aldama, Pierre & Creel, Jérôme, 2022. "Real-time fiscal policy responses in the OECD from 1997 to 2018: Procyclical but sustainable?," European Journal of Political Economy, Elsevier, vol. 73(C).
- Salvatore Dell’Erba & Sergio Sola, 2011. "Expected fiscal policy and interest rates in open economy," IHEID Working Papers 07-2011, Economics Section, The Graduate Institute of International Studies.
- Heimberger, Philipp, 2023. "This time truly is different: The cyclical behaviour of fiscal policy during the Covid-19 crisis," Journal of Macroeconomics, Elsevier, vol. 76(C).
- David Cronin & Kieran McQuinn, 2021. "The (pro-) cyclicality of government consumption in the EU and official expectations of future output growth: new evidence," International Economics and Economic Policy, Springer, vol. 18(2), pages 331-345, May.
- Dell’Erba Salvatore & Sola Sergio, 2016.
"Does fiscal policy affect interest rates? Evidence from a factor-augmented panel,"
The B.E. Journal of Macroeconomics, De Gruyter, vol. 16(2), pages 395-437, June.
- Mr. Salvatore Dell'Erba & Mr. Sergio Sola, 2013. "Does Fiscal Policy Affect Interest Rates? Evidence from a Factor-Augmented Panel," IMF Working Papers 2013/159, International Monetary Fund.
- Patrícia Martins & Leonida Correia, 2016. "Fiscal Forecasts and Slippages: The Role of the SGP and Domestic Fiscal Frameworks," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 58(2), pages 226-253, June.
- Tagkalakis, Athanasios, 2011.
"Fiscal policy and financial market movements,"
Journal of Banking & Finance, Elsevier, vol. 35(1), pages 231-251, January.
- Athanasios Tagkalakis, 2010. "Fiscal policy and financial market movements," Working Papers 116, Bank of Greece.
- Maritta Paloviita & Pasi Ikonen, 2018. "Real-time uncertainty in budget planning: evidence from euro area countries," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 21(4), pages 281-300, October.
- I. Mammi, 2015. "GMM estimation of fiscal rules: Monte Carlo experiments and empirical tests," Working Papers wp1028, Dipartimento Scienze Economiche, Universita' di Bologna.
- Hughes Hallett, Andrew & Bernoth, Kerstin & Lewis, John, 2008. "Did Fiscal Policy Makers Know What They Were Doing? Reassessing Fiscal Policy with Real Time Data," CEPR Discussion Papers 6758, C.E.P.R. Discussion Papers.
- Jagjit Chadha & Arno Hantzsche & Adrian Pabst & Thomas Lazarowicz & Garry Young, 2018. "Understanding and Confronting Uncertainty: Revisions to UK Government Expenditure Plans," National Institute of Economic and Social Research (NIESR) Discussion Papers 495, National Institute of Economic and Social Research.
- Patricia Martins & Leonida Correia, 2013. "The determinants of macroeconomic forecasts and the Stability and Growth Pact," Working Papers Department of Economics 2013/07, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
- Agust n S. B n trix & Philip R. Lane, 2015. "Financial Cycles and Fiscal Cycles," Trinity Economics Papers tep0815, Trinity College Dublin, Department of Economics.
- David Cronin, 2020. "Are Member States’ Budgetary Policies Adhering to the EU Fiscal Rules?," Applied Economics Quarterly (formerly: Konjunkturpolitik), Duncker & Humblot GmbH, Berlin, vol. 66(1), pages 47-64.
- Bernoth, Kerstin & Hughes Hallett, Andrew & Lewis, John, 2008.
"Did Fiscal Policy Makers Know What They Were Doing? Reassessing Fiscal Policy with Real Time Data,"
CEPR Discussion Papers
6758, C.E.P.R. Discussion Papers.
- Kerstin Bernoth & Andrew Hughes Hallet & John Lewis, 2008. "Did fiscal policy makers know what they were doing? Reassessing fiscal policy with real-time data," DNB Working Papers 169, Netherlands Central Bank, Research Department.