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THE IMPOSSIBILITY OF ELIMINATING THE EXPECTATIONS GAP: SOME THEORY AND EVIDENCE

โœ Scribed by Prem Sikka; Anthony Puxty; Hugh Willmott; Christine Cooper

Book ID
115594501
Publisher
Elsevier Science
Year
1998
Tongue
English
Weight
229 KB
Volume
9
Category
Article
ISSN
1045-2354

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Forecasts from econometric models have been given a lot of publicity in the U.K. This paper examines the performance of five major models in forecasting inflation and the rate of growth. Two types of forecast are considered: the annual pre-budget ones and a quarterly series. It is suggested that pub