-- Threats to future effectiveness of monetary policy / Benjamin M. Friedman -- The architecture of government in the twenty …

Government forecasts of GDP growth and budget balances are generally more over-optimistic than private sector forecasts … input into the government budgeting-making process would probably reduce official forecast errors for budget deficits …

Government forecasts of GDP growth and budget balances are generally more over-optimistic than private sector forecasts … input into the government budgeting-making process would probably reduce official forecast errors for budget deficits …

Government forecasts of GDP growth and budget balances are generally more over-optimistic than private sector forecasts …