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- W3121537308 abstract "The analysis of the macroeconomic impact of policies in the euro area has been traditionally limited by the absence of quarterly data. To overcome this problem, we provide two new databases in this paper. Firstly, we construct a quarterly database of euro area variables for the period 1980-2008 for a quite disaggregated set of variables; secondly, we present a real-time database for a subset of variables, composed of biannual vintages of data for the euro area period (2000-2009). All models are multivariate, state space mixed- frequencies models estimated with available national accounts data (mostly annual) and, more importantly, monthly and quarterly information taken from the cash accounts of the governments. We provide not seasonally- and seasonally-adjusted data. Focusing solely on intra-annual information for interpolation purposes allows us to capture genuine intra-annual fiscal dynamics in the data. Thus, we provide data that avoid some problems likely to appear in studies using time series interpolated on the basis of general macroeconomic indicators, namely the well-known decoupling of tax collection from the evolution of standard macroeconomic tax bases (revenue windfalls/shortfalls). JEL Classification: C53, E6, H6" @default.
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- W3121537308 date "2009-01-01" @default.
- W3121537308 modified "2023-10-03" @default.
- W3121537308 title "A Quarterly Fiscal Database for the Euro Area Based on Intra-Annual Fiscal Information" @default.
- W3121537308 doi "https://doi.org/10.2139/ssrn.1520524" @default.
- W3121537308 hasPublicationYear "2009" @default.
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