Browsing HKS Faculty Scholarship by Keyword "International Economics"

Now showing items 21-23 of 23

    • Over-optimism in Forecasts by Official Budget Agencies and its Implications 

      Frankel, Jeffrey A. (Oxford University Press, 2011)
      The paper studies forecasts of real growth rates and budget balances made by official government agencies among 33 countries. In general, the forecasts are found: (i) to have a positive average bias, (ii) to be more biased ...

    • Rank as an Incentive 

      Tran, Anh; Zeckhauser, Richard Jay (2009)
      Money is the prime incentive in economic models. Recent evidence makes it clear that people are also greatly concerned about how their incomes compare with those of others, suggesting that rank may be a strong motivator ...

    • A Solution to Overoptimistic Forecasts and Fiscal Procyclicality: The Structural Budget Institutions Pioneered by Chile 

      Frankel, Jeffrey A. (John F. Kennedy School of Government, Harvard University, 2011)
      Historically, many countries have suffered a pattern of procyclical fiscal policy: spending too much in booms and then forced to cut back in recessions, thereby exacerbating the business cycle. This problem has especially ...