Fiscal Expectations Under the Stability and Growth Pact : Evidence from Survey Data /

The paper uses survey data to analyze whether financial market expectations on government budget deficits changed in France, Germany, Italy, and the United Kingdom during the period of the Stability and Growth Pact (SGP). Our findings indicate that accuracy of financial expert deficit forecasts incr...

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Detalles Bibliográficos
Autor Principal: Poplawski Ribeiro, Marcos
Outros autores: Rulke, Jan-Christoph
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2011.
Series:IMF Working Papers; Working Paper ; No. 2011/048
Acceso en liña:Full text available on IMF
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100 1 |a Poplawski Ribeiro, Marcos. 
245 1 0 |a Fiscal Expectations Under the Stability and Growth Pact :   |b Evidence from Survey Data /  |c Marcos Poplawski Ribeiro, Jan-Christoph Rulke. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2011. 
300 |a 1 online resource (40 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a The paper uses survey data to analyze whether financial market expectations on government budget deficits changed in France, Germany, Italy, and the United Kingdom during the period of the Stability and Growth Pact (SGP). Our findings indicate that accuracy of financial expert deficit forecasts increased in France. Convergence between the European Commission's and market experts' deficit forecasts also increased in France, Italy, and the United Kingdom, particularly during the period after SGP's reform in 2005. Yet, convergence between markets' forecasts and those of the French, German, and Italian national fiscal authorities seems not to have increased significantly during the SGP. 
538 |a Mode of access: Internet 
700 1 |a Rulke, Jan-Christoph. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2011/048 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2011/048/001.2011.issue-048-en.xml  |z IMF e-Library