bucharest 9 10 april 2008 marijana bedna
Download
Skip this Video
Download Presentation
Bucharest, 9-10 April 2008 Marijana Bednaš

Loading in 2 Seconds...

play fullscreen
1 / 13

SLOVENIA IMAD Institute - PowerPoint PPT Presentation


  • 98 Views
  • Uploaded on

Bucharest, 9-10 April 2008 Marijana Bednaš. SLOVENIA IMAD Institute of Macroeconomic Analysis and Development OECD Meeting of Senior Budget Officials from Central- Eastern European Countries. Main activities. Monitoring and forecasting economic trends

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'SLOVENIA IMAD Institute' - Samuel


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
bucharest 9 10 april 2008 marijana bedna
Bucharest, 9-10 April 2008 Marijana Bednaš

SLOVENIAIMAD Institute ofMacroeconomicAnalysisandDevelopmentOECD Meetingof Senior BudgetOfficialsfrom Central-EasternEuropeanCountries

main activities
Mainactivities
  • Monitoring and forecasting economic trends
    • Slovenian Economic Mirror – SEM (monthly )
    • Spring and Autumn Forecast (official forecast)
    • Economic Issues (assessment of fiscal developments)
  • Participating in government decision making
    • Slovenia’s Development Strategy
    • Development Report (annual )
    • participating in key government bodies and documents
    • EU: Lisbon strategy, Economic Policy Committee
  • Research
    • working papers, Social Report (biannual ), occasional books
    • international cooperation (conference, projects)
organisation
Organisation
  • Over 60 people in 5 sectors
  • Horizontal working teams
    • forecasting
    • balance of payments
    • public finance
    • labor market and human resources
  • Project groups
  • Organisation is always partly result of reason and partly result of habits
sectors
Sectors
  • Macroecomic analysis and economic policy
    • macroeconomic policies
    • trends and forecasts of agregate demand components and prices
    • synthetical and ad hoc reports
  • Economic competitiveness and structural changes
    • analysis of competitiveness and its factors (RR, ICT, knowledge investment, unit costs, entreprenuership, infrastructure, regulations, environment)
    • sectoral trends and forecasts
    • structural changes
sectors1
Sectors
  • Welfare and social development
    • social welfare and quality of life
    • reforms of the welfare state and social policy
    • long term sustainability
  • Quantitative analysis and national accounts
    • national accounts
    • economic modeling
    • Statistics
  • General services
legal status
Legal status
  • Office of the government, directly responsible to prime minister
    • formerly office within a ministry
    • director is a public servant, nominated by gvt for 5 years
  • Statutorily secured independence in forecasting and analysis
  • In reality, independence depends on
    • credibility
    • personality
    • competition
    • conservative communication
legislation
Legislation
  • IMAD is obliged by a government act, which defines its legal status, to make professional and unbiased forecast
  • Decree on the Documents of Development Planning and the Criteria and Procedures for Preparing the Draft National Budget - forecasts are prepared twice a year
transparency
Transparency
  • Transparency of forecasts is provided by detailed analytical explication and extensive statistical appendix
  • Realisation of forecasts is monitored through regular analyses, results published in SEM
independence validity assessment of imad s forecasts
Independence – validityassessmentofIMAD’sforecasts
  • A comparison with the forecasts made by other forecasting institutions repeatedly shows that the IMAD is successful in forecasting economic categories
  • Measuresofquality (the mean error - ME) for IMAD show thatthere’s no systematic divergence from the actual figures, whichindicates no-biasapproach (forecastsdo not systematically under- or overestimate the actual value of the variable)
ad