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Understanding and Confronting Uncertainty: Revisions to UK Government Expenditure Plans

Chadha, Jagjit S. and Hantzsche, Arno and Lazarowicz, Thomas and Pabst, Adrian and Young, Garry (2018) Understanding and Confronting Uncertainty: Revisions to UK Government Expenditure Plans. Discussion paper. National Institute of Economic and Social Research, London, UK (KAR id:69818)

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We develop a simple model that motivates fiscal stabilisation policy, in the presence of economic

shows that our knowledge of the current and future state of the economy is subject to significant

successive fiscal events. We show the risk for any given government expenditure plan by

factor in explaining public expenditure revisions are changes to the expected path of GDP growth.

the extent to which expenditure is warranted. Finally we report on findings from interviews with key


Item Type: Monograph (Discussion paper)
Additional information: NIESR Discussion Paper No. 495
Subjects: H Social Sciences > HB Economic Theory
Divisions: Divisions > Division of Human and Social Sciences > School of Politics and International Relations
Depositing User: Adrian Pabst
Date Deposited: 27 Oct 2018 22:55 UTC
Last Modified: 16 Feb 2021 13:58 UTC
Resource URI: (The current URI for this page, for reference purposes)
Chadha, Jagjit S.:
Pabst, Adrian:
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