Advertisement

Recent performance of economic forecasts

Abstract

This chapter assesses the current performance of macroeconomic forecasts. It reviews the findings of empirical forecast evaluations and discusses them thoroughly while distinguishing absolute and relative performance, the performance of specific methods and that of different forecasting institutions. All things considered, the evaluation diagnoses a comprehensive failure of macroeconomic forecasts. The last section summarizes the main conclusions that can be drawn from the discussed studies.

Keywords

Forecast Error Forecast Performance Forecast Method Forecast Horizon Economic Forecast 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Deutscher Universitäts-Verlag | GWV Fachverlage GmbH, Wiesbaden 2006

Personalised recommendations