Using 'search' theory, technology adoption is conceived of as a critical factor in the aftermath of a technological …

judgmental adjustment of model-based forecasts, whether forecast updates are progressive, on a constrained mixture vector …

Many macroeconomic forecasts and forecast updates like those from IMF and OECD typically involve both a model component …. If forecast updates are progressive, forecast updates should become more accurate, on average, as the actual value is … approached. Otherwise, forecast updates would be neutral. The paper proposes a methodology to test whether macroeconomic forecast …