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How to explain errors in budget balance forecasts in euro area countries? Empirical evidence based on real-time data
(17.06.2016)
Bank of Finland Research Discussion Papers 17/2016
Bank of Finland Research Discussion Papers 17/2016
The aim of this study is to explore budget planning in the euro area countries in 2004-2014. Our analyses are based on annual real-time data from the IMF World Economic Outlook publications. As forecasts made by different ...
How informative are aggregated inflation expectations? Evidence from the ECB Survey of Professional Forecasters
(24.05.2016)
Bank of Finland Research Discussion Papers 15/2016
Bank of Finland Research Discussion Papers 15/2016
This study examines aggregated short- and long-term inflation expectations in the unbalanced panel of the ECB Survey of Professional Forecasters. The focus of the study is on heterogeneity of expectations and changing panel ...