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Keeping an eye on budgetary forecasts: The new Forecast Tracker of the Secretariat of the European Fiscal Board

Forecasts underpinning budgetary plans have a well-documented impact on fiscal performance especially when policymakers view the world through rosy lenses. Combined with inertia in the implementation phase, optimism contributes to a possible deficit bias and the accumulation of government debt. This column introduces the new Forecast Tracker of the Secretariat of the European Fiscal Board, […]