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Testing the rationality of forecast revisions made by the IMF and the OECD

โœ Scribed by Masahiro Ashiya

Publisher
John Wiley and Sons
Year
2005
Tongue
English
Weight
111 KB
Volume
25
Category
Article
ISSN
0277-6693

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โœฆ Synopsis

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.

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