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A direct test of the information content of the OECD growth forecasts

โœ Scribed by Jef Vuchelen; Maria-Isabel Gutierrez

Book ID
113647756
Publisher
Elsevier Science
Year
2005
Tongue
English
Weight
147 KB
Volume
21
Category
Article
ISSN
0169-2070

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๐Ÿ“œ SIMILAR VOLUMES

Testing the rationality of forecast revi
Testing the rationality of forecast revisions made by the IMF and the OECD
โœ Masahiro Ashiya ๐Ÿ“‚ Article ๐Ÿ“… 2005 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 111 KB

We investigate the rationality of forecast revisions made by the IMF and the OECD over the past three decades. We find that 60% of real-GDP forecast series and 37% of GDP-deflator forecast series are consistent with rationality. Forecast smoothing is found in real-GDP forecasts.