Estimates of uncertainty around Australian budget forecasts:

In this article, past forecast errors are used to construct confidence intervals around Australian Government Budget forecasts of key economic and fiscal variables. These confidence intervals provide an indication of the extent of uncertainty around the point estimate forecasts presented in the Budg...

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Bibliographic Details
Main Author: Clark, John (Author)
Other Authors: Gibbons, Caroline (Contributor), Morrissey, Susan (Contributor), Pooley, Joshua (Contributor)
Format: Electronic Book Chapter
Language:English
Published: Paris OECD Publishing 2014
Subjects:
Online Access:DE-384
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Summary:In this article, past forecast errors are used to construct confidence intervals around Australian Government Budget forecasts of key economic and fiscal variables. These confidence intervals provide an indication of the extent of uncertainty around the point estimate forecasts presented in the Budget. JEL classification numbers: E17, H68. Keywords: Confidence intervals, forecast errors, government budget, nominal GDP, real GDP, treasury, uncertainty
Physical Description:1 Online-Ressource (19 Seiten) 21 x 28cm
DOI:10.1787/budget-13-5jxvd4xlns7j

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