A quarterly fiscal database fit for macroeconomic analysis

  1. Francisco de Castro 1
  2. Francisco Martí 2
  3. Antonio Montesinos 2
  4. Javier J. Pérez 2
  5. Antonio Jesús Sánchez Fuentes 3
  1. 1 Comisión Europea
  2. 2 Banco de España
    info

    Banco de España

    Madrid, España

    ROR https://ror.org/02f26yq04

  3. 3 Universidad Complutense de Madrid
    info

    Universidad Complutense de Madrid

    Madrid, España

    ROR 02p0gd045

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Revista:
Hacienda Pública Española / Review of Public Economics

ISSN: 0210-1173

Año de publicación: 2018

Número: 224

Páginas: 139-155

Tipo: Artículo

DOI: 10.7866/HPE-RPE.18.1.5 DIALNET GOOGLE SCHOLAR lock_openAcceso abierto editor

Otras publicaciones en: Hacienda Pública Española / Review of Public Economics

Resumen

The study of the macroeconomic effects of tax changes and public spending plans has regained footing recently. Nevertheless, in many occasions, the shortcomings of available official data pose limits to the type of approach analysts can pursue. While this issue receives traditionally limited attention, it is of utmost relevance for policy makers and academics alike. Against this framework, in this paper we construct a quite disaggregated quarterly fiscal database of Spanish seasonallyadjusted public finance variables for the period 1986Q1-2015Q4, in national accounts terms. Following a recent strand of the literature, we pose special emphasis on the models and data ingredients used. The later includes a rich set of input fiscal data taken from budgetary accounts. We illustrate the use of our data by providing key stylized facts on the cyclical properties of fiscal policies over the past three decades.

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Información de financiación

Sánchez-Fuentes acknowledges the financial support of the Spanish Ministry of Economy and Competitiveness (project ECO 2012-37572), the Regional Government of Andalusia (project SEJ 1512), and the Instituto de Estudios Fiscales.

Financiadores

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Fuente de los datos: Dialnet