chapter investigates the use of economic forecasting in policy making by discussing practical examples, providing new … institutional details of the forecasting process at fiscal authorities and central banks. We provide empirical evidence that central … producing forecasts. We review forecasting models and provide practical applications. In particular, we illustrate how to use …

new, timely indicators and insights, and may generate new economic theories. Central banks do not have to be ahead of the … methods for publishing new types of economic indicators. Lastly, the big data industry will challenge not only traditional …