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Testing The Rationality Of State Revenue Forecasts
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Book Synopsis Government Budget Forecasting by : Jinping Sun
Download or read book Government Budget Forecasting written by Jinping Sun and published by Routledge. This book was released on 2017-09-25 with total page 637 pages. Available in PDF, EPUB and Kindle. Book excerpt: Revenue and expenditure forecasting plays an important role in public budgeting and financial management, particularly during times of financial constraint, when citizens impose greater accountability upon government to use taxpayer dollars more efficiently. Despite its significance, revenue and expenditure forecasting is often overlooked in the budget process, and there is an imbalance between practice and research in this area. Based on the collaboration of budget scholars and practitioners, Government Budget Forecasting fulfills two purposes: Enhances the understanding of revenue and expenditure estimation both theoretically and practically Stimulates dialogue and debate among practitioners and academicians to identify good forecast practices as well as areas for improvement Divided into four parts, this comprehensive reference first examines forecast practices at the federal, state, and local levels, drawing on case studies that include California, Texas, and Louisiana. It then explores consensus systems and risk assessment, considering political factors and the costs of forecast errors. The text concludes with a call to transparency and guidance from a code of ethics, and a look at forecasting practices in emerging countries.
Book Synopsis Forecasting Government Budgets by : Aman Khan
Download or read book Forecasting Government Budgets written by Aman Khan and published by Rowman & Littlefield. This book was released on 2022-12-15 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: Forecasting is integral to all governmental activities, especially budgetary activities. Without good and accurate forecasts, a government will not only find it difficult to carry out its everyday operations but will also find it difficult to cope with the increasingly complex environment in which it has to operate. This book presents, in a simple and easy to understand manner, some of the commonly used methods in budget forecasting, simple as well as advanced. The book is divided into three parts: It begins with an overview of forecasting background, forecasting process, and forecasting methods, followed by a detailed discussion of the actual methods in Parts I, II, and III. Part I discusses a combination of basic time series models such as percentage average, simple moving average, double moving average, exponential moving average, double as well as triple, simple trend line, time-series with cyclical variation, and time-series regression, with single and multiple independent variables. Part II discusses some of the more advanced, but frequently used time series models, such as ARIMA, regular as well as seasonal, Vector Autoregression (VAR), and Vector Error Correction (VEC). Part III provides an overview of three of the more recent advances in time series models, namely ensemble forecasting, state-space forecasting, and neural network. The book concludes with a brief discussion of some practical issues in budget forecasting.
Book Synopsis Growth and Variability in State Tax Revenue by : Randall G. Holcombe
Download or read book Growth and Variability in State Tax Revenue written by Randall G. Holcombe and published by Bloomsbury Publishing USA. This book was released on 1997-10-28 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: During recessions state government fiscal crises are widespread, as states find their revenues inadequate to meet their expenditure demands. This volume shows that state fiscal crises have only one significant cause: revenue downturns associated with recessions. Other analysts have argued that fiscal crises are the result of an interaction of many complex causes, including inadequate tax bases, increasing expenditure demands, and limits placed on state governments by voters. This analysis examines these other factors and shows that while they present significant challenges to state policymakers, they are not the cause of fiscal crises. The book presents an improved methodology for measuring cyclical variability of revenues and uses this methodology to show that there is no way to restructure state tax systems in order to appreciably reduce the fiscal stress associated with recessions. Fiscal stress can be lessened by setting aside revenues during prosperous years in a rainy day fund, but current rainy day funds are not large enough to eliminate the fiscal stress caused by recessions.
Book Synopsis Proceedings of The 6th MAC 2016 by : Group of authors
Download or read book Proceedings of The 6th MAC 2016 written by Group of authors and published by MAC Prague consulting. This book was released on 2016-02-16 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: Proceedings of The 6th MAC 2016 - The 6th Multidisciplinary Academic Conference in Prague 2016.
Book Synopsis International Journal of Forecasting by : International institute of forecasters
Download or read book International Journal of Forecasting written by International institute of forecasters and published by . This book was released on 1995 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Fiscal Behavior of State and Local Governments by : Harvey S. Rosen
Download or read book The Fiscal Behavior of State and Local Governments written by Harvey S. Rosen and published by Edward Elgar Publishing. This book was released on 1997 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: Collects 17 papers by Rosen (economics and business policy, Princeton U.), many of which are empirical and involve econometric analysis of large data sets. Rosen shows how state and local government spending and taxing decisions are made in an intertemporal context that takes into account future prices and income, and are influenced by the economic environments in which they occur. Three papers co-authored with Daniel R. Feenberg (National Bureau of Economic Research) lay out a consistent methodology for characterizing state tax structures. No index. Annotation copyrighted by Book News, Inc., Portland, OR
Author :United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs Publisher : ISBN 13 : Total Pages :76 pages Book Rating :4.:/5 (327 download)
Book Synopsis Nominations of Harvey S. Rosen, Kristin J. Forbes, Julie L. Myers, and Peter Lichtenbaum by : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Download or read book Nominations of Harvey S. Rosen, Kristin J. Forbes, Julie L. Myers, and Peter Lichtenbaum written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 2005 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Review of Economics and Statistics by :
Download or read book The Review of Economics and Statistics written by and published by . This book was released on 1989 with total page 776 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of the Review is to promote the collection, criticism, and interpretation of economic statistics, with a view to making them more accurate and valuable than they are at present for business and scientific purposes.
Book Synopsis NBER Reporter by : National Bureau of Economic Research
Download or read book NBER Reporter written by National Bureau of Economic Research and published by . This book was released on 1990 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Business Review by : Federal Reserve Bank of Philadelphia
Download or read book The Business Review written by Federal Reserve Bank of Philadelphia and published by . This book was released on 1997 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Journal of Economic Literature written by and published by . This book was released on 1998 with total page 1382 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Do They Walk Like They Talk? by : Louis M. Imbeau
Download or read book Do They Walk Like They Talk? written by Louis M. Imbeau and published by Springer Science & Business Media. This book was released on 2009-07-16 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: George Bush’s 1988 campaign pledge, "Read my lips: no new taxes," has become a mantra for those who distrust politicians and bureaucrats. The gulf between what political leaders say and do seems to be widening, and in democratic societies around the world, contributing to an atmosphere of cynicism and apathy among the citizenry. Understanding the characteristics and functions of speech in policy processes is a requirement for trying to overcome this problem; indeed, politicians and bureaucrats spend a good proportion of their time and resources discoursing, i.e., writing, speaking, and publishing. However, there has been scant analysis of political discourse; the aim of this book is to fill this analytical gap, by exploring political speech from a variety of perspectives, including normative, epistemological, and empirical. Incorporating insights from economics, political science, philosophy, and law, and evidence from the United States, Canada, France, Italy, Turkey, and the EU, the book addresses a wide variety of timely issues, including:. Fiscal discipline in speeches vs budget balance: Is an improvement (deterioration) of the budget balance preceded by a more (less) fiscally disciplined discourse? Revenues and spending forecasted in budget speeches vs realised budget outcomes: Is there a systematic bias? If so, how can we explain it? Electoral pledges vs actual realisations: Do governments follow up on their electoral pledges? Ideological stance in party publications vs spending and revenues of party governments: Do parties of the right and the left speak different languages? How can we validly classify a government as of the left or of the right? Is there a systematic difference between governments of the right and of the left in terms of their policy? Speeches by central bank officers vs monetary policy: Can changes in monetary policy be predicted by official speeches? The political business cycle: How can taking into consideration the speech-action relationship strengthen (or threaten) our knowledge about electoral and partisan cycles in public spending? Other questions explored include: Should policy makers always tell the truth and all the truth? What are the benefits and the costs of transparency? How can we resolve the apparent contradiction between the democratic demand for transparency and the efficiency requirement of secrecy in many policy areas (budget preparation, monetary policy, foreign policy, security, etc.)? Under which conditions is secrecy acceptable in a democratic society? To what extent may deception and lies lead to a breach of trust or to power abuse? What are the most efficient institutional mechanisms to prevent such abuse? Collectively, the authors present new insights for understanding political process and government activity, and suggest avenues for further research.
Book Synopsis Handbook of Government Budgeting by : Roy T. Meyers
Download or read book Handbook of Government Budgeting written by Roy T. Meyers and published by Jossey-Bass. This book was released on 1999 with total page 808 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this comprehensive reference, Roy T. Meyers provides an invaluable tool for anyone who wants to learn how the government budgeting process works, where it doesn't work, and how it can be improved. Covering everything from current basic processes to the uncertain future of budgeting, Handbook of Government Budgeting is the definitive resource for anyone interested in the ways governments acquire and spend money.
Book Synopsis Deficit Reduction in the Far West by : University of Alberta. Institute for Public Economics
Download or read book Deficit Reduction in the Far West written by University of Alberta. Institute for Public Economics and published by . This book was released on 2001-03 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: A rare social-science experiment was recently undertaken in British Columbia, Alberta, and Saskatchewan. Within the space of one year, all three provincial governments embarked on programs to eliminate their deficits. This volume considers the political culture of each province, examines the strategies chosen, and measures the comparative outcomes of the experiment.
Book Synopsis Poverty And Proficiency: The Cost Of And Demand For Local Public Education (A Textbook In Education Finance) by : John Yinger
Download or read book Poverty And Proficiency: The Cost Of And Demand For Local Public Education (A Textbook In Education Finance) written by John Yinger and published by World Scientific. This book was released on 2020-02-27 with total page 739 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers a wide range of topics in education finance. It is designed to introduce the literature on education finance to scholars and prospective scholars and can be used as a textbook for a graduate-level education finance class. The topics in the book include the incidence of the property tax as a source of revenue for elementary and secondary education, how much more it costs to reach a state's education targets in a high-poverty school district than in a rich district, the design of state education aid programs, the impact of school quality on house values, the cost implications of school district consolidations, and the impact of state aid on school infrastructure.
Download or read book Working Paper Series written by and published by . This book was released on 2001 with total page 610 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Business Cycles by : Victor Zarnowitz
Download or read book Business Cycles written by Victor Zarnowitz and published by University of Chicago Press. This book was released on 2007-11-01 with total page 613 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents the most complete collection available of the work of Victor Zarnowitz, a leader in the study of business cycles, growth, inflation, and forecasting.. With characteristic insight, Zarnowitz examines theories of the business cycle, including Keynesian and monetary theories and more recent rational expectation and real business cycle theories. He also measures trends and cycles in economic activity; evaluates the performance of leading indicators and their composite measures; surveys forecasting tools and performance of business and academic economists; discusses historical changes in the nature and sources of business cycles; and analyzes how successfully forecasting firms and economists predict such key economic variables as interest rates and inflation.