Forecasting Budgetary Deficits
Studie
01-03-1999
Under the Stability and Growth Pact countries in the Euro area are required to balance their budgets over the economic cycle, with an upper deficit limit of 3%. Will this be possible? This study examines the sensitivity of different countries' revenues and expenditures to changes in economic conditions, including a worst-case 'bust' scenario.
Studie
Ekstern forfatter
Gerbert Romijn and Holger van Eden, NEI B.V., Rotterdam