A Quarterly Fiscal Database Fit for Macroeconomic Analysis

Francisco de Castro Fernández (), Francisco Martí (), Antonio Montesinos (), Javier Pérez and Antonio Jesus Sanchez Fuentes ()
Additional contact information
Francisco Martí: Banco de España
Antonio Montesinos: Banco de España

Hacienda Pública Española / Review of Public Economics, 2018, vol. 224, issue 1, 139-155

Abstract: The study of the macroeconomic effects of tax changes and public spending plans has regained footing recently. Nevertheless, in many occasions, the shortcomings of available official data pose limits to the type of approach analysts can pursue. While this issue receives traditionally limited attention, it is of utmost relevance for policy makers and academics alike. Against this framework, in this paper we construct a quite disaggregated quarterly fiscal database of Spanish seasonallyadjusted public finance variables for the period 1986Q1-2015Q4, in national accounts terms. Following a recent strand of the literature, we pose special emphasis on the models and data ingredients used. The later includes a rich set of input fiscal data taken from budgetary accounts. We illustrate the use of our data by providing key stylized facts on the cyclical properties of fiscal policies over the past three decades.

Keywords: Fiscal data; fiscal policies; mixed-frequencies; time-series models (search for similar items in EconPapers)
JEL-codes: C3 C82 E62 E65 H6 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://www.ief.es/comun/Descarga.cshtml?ruta=~/do ... tas/hpe/224_Art5.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hpe:journl:y:2018:v:224:i:1:p:139-155

Access Statistics for this article

More articles in Hacienda Pública Española / Review of Public Economics from IEF Contact information at EDIRC.
Bibliographic data for series maintained by Miguel Gómez de Antonio ().