Tamirisa, Natalia T.; Loungani, Prakash; Stekler, Herman O. - International Monetary Fund (IMF) - 2011
We document information rigidity in forecasts for real GDP growth in 46 countries over the past two decades. We investigate: (i) if rigidities are lower around turning points in the economy, such as in times of recessions and crises; (ii) if rigidities differ across countries, particularly...