European Parliament Library

How Do Canadian Budget Forecasts Compare with Those of Other Industrial Countries?, Martin Mühleisen, Kornelia Krajnyak, Stephan Danninger, David Hauner, Bennett 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
Table Of Contents
""Contents""; ""I. INTRODUCTION AND SUMMARY ""; ""II. THE INSTITUTIONAL ENVIRONMENT FOR BUDGET FORECASTS ""; ""III. FISCAL FORECASTING PRACTICES IN INTERNATIONAL COMPARISON ""; ""IV. ASSESSING FORECAST ACCURACY ""; ""V. STATISTICAL ANALYSIS OF FORECAST OUTCOMES""; ""VI. CONCLUSION ""
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (50 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781451906219

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