Dreher, Axel; Marchesi, Silvia; Vreeland, James Raymond - KOF Swiss Economic Institute, Department of Management, … - 2007
Using panel data for 157 countries over the period 1999-2005 we empirically investigate the politics involved in IMF economic forecasts. We find a systematic bias in growth and inflation forecasts. Our results indicate that countries voting in line with the US in the UN General Assembly receive...