Evaluating rationality of level and growth rate forecasts of direct tax revenues under flexible loss function: Evidence from Swiss cantons

Florian Chatagny and Boriss Siliverstovs

Economics Letters, 2015, vol. 134, issue C, 65-68

Abstract: We explore the rationality of tax revenue forecasts in Swiss cantons under asymmetric loss functions. We find evidence of asymmetric losses for the level forecasts but not for growth rates. Allowing for asymmetric losses alters the outcome of rationality tests for the level forecasts.

Keywords: Tax revenue forecasts; Rationality tests; Asymmetric loss function; Swiss cantons (search for similar items in EconPapers)
JEL-codes: C23 H68 H71 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:134:y:2015:i:c:p:65-68

DOI: 10.1016/j.econlet.2015.06.017

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