Rülke, Jan-Christoph - In: Jahrbücher für Nationalökonomie und Statistik 232 (2012) 4, pp. 414-428
Summary In this paper, we contrast more than 6,000 private sector forecasts to projections of the German Council of Economic Experts (Sachverständigenrat). Although the forecasts are submitted simultaneously, we find that the Council’s real economy forecasts, i. e. their growth, unemployment...