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Cross-country Evidence on the Quality of Private Sector Fiscal Forecasts

Efficiency

  • Cross-country Evidence on the Quality of Private Sector Fiscal Forecasts

    This paper provides evidence of the quality of private sector forecasts of the budget balance between 1993 and 2009 for a sample of 29 countries, grouped into advanced and emerging countries. We find large differences across the two groups: forecasts for advanced economies are much more accurate than for emerging economies and much less subject to a bias towards optimism (…)

  • Efficiency and Equity Consequences of Decentralization in Health: An Economic Perspective

    Over the recent years, decentralization has been adopted in many health systems. The question however remains of whether local actors do better than the central government. We summarize the main insights from economic theory on the impact of decentralization and its empirical validation. (…)