01540nam a2200289 a 4500 1/51300 051123s2004 lu u pdd 0 0gre 1016-8060 (print) 1725-3187 (online) ECFIN/4869/04-EN 33178 GR-PeUP eng ΚΕΤ Αλφαβητική σειρά Jonung, Lars. Improving fiscal policy in the EU : the case for independent forecasts / Lars Jonung, Martin Larch Brussels ; Belgium : European Commission: Directorate-General for Economic and Financial Affairs, 2004 26 σ. ; 30 εκ. Internal paper The evidence from several euro-area countries demonstrates the existence of a forecast bias in the budgetary process, which negatively affects fiscal performance. To remedy this bias, we suggest that forecasting should be assigned to an authority independent from the ministry of finance and the government, with the task of producing unbiased projections of growth and other variables crucial for the budgetary process. Economic Papers Larch, Martin. European Commission : Directorate-General for Economic and Financial Affairs. Economic papers August 2004, No 210 European Economy. Economic papers ; 210 INST UNIPILB KET 20090317 EEEP 210 EEEP 210 NOLOAN 23 1 http://ec.europa.eu/economy_finance/publications/publication_summary650_en.htm