Search: fiscal transparency
RBA Glossary definition for fiscal transparency
fiscal transparency – The facility which enables investors and other interested parties to satisfy themselves as to the nature and quality of the decision process pursued by policy-makers in government or the corporate entity concerned. One of the 12 key standards identified by the Financial Stability Forum as the minimum required for good practice in sound financial systems. Fiscal transparency strengthens accountability of the government and decreases the risk of maintaining unsustainable policies.
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Gauging the Uncertainty of the Economic Outlook Using Historical Forecasting Errors: The Federal Reserve's Approach
1 Feb 2017
RDP
2017-01
Publishing estimates of uncertainty can also enhance a central bank's transparency, credibility, and accountability. ... Fiscal policy represents another area where conditioning assumptions could have implications for using historical forecast errors to
https://www.rba.gov.au/publications/rdp/2017/2017-01/full.html
Data Sources
8 Mar 2017
RDP
2017-01
Fiscal policy represents another area where conditioning assumptions could have implications for using historical forecast errors to gauge current uncertainty. ... Whether the potential gain in accuracy from adopting such an approach would offset the
https://www.rba.gov.au/publications/rdp/2017/2017-01/data-sources.html