Consensual Prognostic Model and the Forecasts Made by the Russian Government Institutions

Mikhail Karev

Finansovyj žhurnal — Financial Journal, 2011, issue 2, 87-94

Abstract: The consensual prognostic model has been widely used by the international economists due to the fact that it is an efficient and easy-to-use tool that can help assess the results gained quickly. The Russian economists predominantly demonstrate negative attitudes when it comes to the model use. That is why the model is not widely used for the purposes of the budget parameters forecasting. The article author takes into account the fact that the real life and forecast Russian budget revenue figures differ from one another significantly and examines the prospects of using the model in Russia.

Keywords: consensual prognostic model; forecasting; public budget; public revenue; taxation (search for similar items in EconPapers)
JEL-codes: C20 C30 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:fru:finjrn:110208:p:87-94

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