EconPapers    
Economics at your fingertips  
 

The Australian real-time fiscal database: An overview and an illustration of its use in analysing planned and realised fiscal policies

Kevin Lee (), James Morley (), Kalvinder Shields and Madeleine Sui-Lay Tan

No 2018/11, Discussion Papers from University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM)

Abstract: This paper describes a fiscal database for Australia including measures of government spending, revenue, deficits, debt and various sub-aggregates as initially published and subsequently revised. The data vintages are collated from various sources and provide a comprehensive description of the Australian fiscal environment as experienced in realtime. Methods are described which exploit the richness of the real-time datasets and they are illustrated through an analysis of the extent to which stated fiscal plans are realised in practice and through the estimation of fiscal multipliers which draw a distinction between policy responses and policy initiatives. We find predictable differences between plans and actual fiscal policy, consistent with a desire of the government to appear more prudent than in reality, and a larger multiplier for policy initiatives than implementation errors.

Keywords: Real-time; Australian Database; Revisions; Fiscal Policy; Government Spending; Government Revenues (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://www.nottingham.ac.uk/cfcm/documents/papers/cfcm-2018-11.pdf (application/pdf)

Related works:
Working Paper: The Australian real-time fiscal database: A overview and an illustration of its use in analysing planned and realised fiscal policies (2019) Downloads
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:not:notcfc:18/11

Access Statistics for this paper

More papers in Discussion Papers from University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM) School of Economics University of Nottingham University Park Nottingham NG7 2RD. Contact information at EDIRC.
Bibliographic data for series maintained by Hilary Hughes ().

 
Page updated 2019-10-11
Handle: RePEc:not:notcfc:18/11