Executive Summary of the Report on the Macroeconomic Forecasts in the 2018 Draft General State Budgets
Access to Executive Summary of the Report on the Macroeconomic Forecasts in the 2018 Draft General State Budgets
Month: March 2018
Report on the Macroeconomic Forecasts of the Draft General State Budget for 2018
The Independent Authority for Fiscal Responsibility (AIReF) endorses the forecasts of the Government's macroeconomic scenario, according to the Report published below. AIReF considers that "the Government's macroeconomic scenario accompanying the Draft 2018 General State Budget is prudent as a whole". On the domestic front, it states, "the worst scenarios that could be glimpsed in October ... Read more
Working Paper 2/2018. Estimating Output Gap: a Beauty Contest Approach
Working Paper 2/2018. Estimating Output Gap: a Beauty Contest Approach
In opinion of AIReF, the amendments to its organic statute approved by the Council of Ministers reinforce its independence
The Independent Authority for Fiscal Responsibility (AIReF) believes that the amendments to its Organic Statute introduced through the Royal Decree approved by the Council of Ministers on 9 March reinforces its independence, with improved access to information, drafting of its budget and monitoring of recommendations. The explanatory memorandum to Royal Decree 105/2018 approved by the Council of … Read more