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This study draws on the investor protection literature to examine differences in a country's information environment that are likely to explain cross country variation in the extent to which macroeconomic forecasters take account of current earnings when forecasting future growth in GDP. Using a...
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We find that 30-minute changes in bond yields around scheduled Federal Open Market Committee (FOMC) announcements are predictable with the pre-FOMC Blue Chip professionals’ revisions in GDP growth forecasts. A positive pre-FOMC GDP growth revision predicts a contractionary policy news shock...
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The economy in 1979 will be plagued with slow growth, increased unemployment, and continuing high rates of inflation …
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product (GDP) growth and consumer price index inflation. This paper fills this research gap by providing a replicable …-run forecast horizons. The model is shown to be capable of predicting turning points and usable for policy analysis under different …
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inflation. This paper fills this research gap by providing a replicable forecasting model that beats a host of other competing … models when measured by root mean square errors, especially over long-run forecast horizons. The model is shown to be capable …
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