Legal

A Quarterly Fiscal Database For The Euro Area Based On Intra-Annual Fiscal Information

Free registration required

Executive Summary

The analysis of the macroeconomic impact of fiscal policies in the euro area has been traditionally limited by the absence of quarterly fiscal data. To overcome this problem, the authors provide two new databases in this paper. Firstly, they construct a quarterly database of euro area fiscal variables for the period 1980-2008 for a quite disaggregated set of fiscal variables; secondly, they present a real-time fiscal database for a subset of fiscal variables, composed of biannual vintages of data for the euro area period (2000-2009). All models are multivariate, state space mixed-frequencies models estimated with available national accounts fiscal data (mostly annual) and, more importantly, monthly and quarterly information taken from the cash accounts of the governments.

  • Format: PDF
  • Size: 980 KB