 How Do Canadian Budget Forecasts Compare with Those of Other Industrial Countries?Martin Mühleisen (), Kornelia Krajnyak, Stephan Danninger, David Hauner and Bennett Sutton No 2005/066, IMF Working Papers from International Monetary Fund Abstract: This paper compares Canadian central government budget forecasting with forecasting by other industrial countries. While fiscal forecasting in Canada is governed by one of the strongest institutional frameworks, quantitative analysis suggests that budget projections of macroeconomic and fiscal aggregates have been more cautious than in other countries since the mid-1990s. The relatively volatile macroeconomic environment as well as institutional factors, such as Canada's asymmetric deficit target, have likely contributed to this outcome. Keywords: WP; private sector; benchmark country; nominal GDP; country authorities; Canada; Budget Forecasting; Fiscal Performance; Industrial Countries; Macroeconomic Projections; fiscal policy; standard deviation; macroeconomic assumption; budget vote; IMF country desk; Budget planning and preparation; Macroeconomic and fiscal forecasts; Australia and New Zealand (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:2005/066 Ordering information: This working paper can be ordered from Access Statistics for this paper More papers in IMF Working Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC. |
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