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In a large sample of countries across different geographic regions and over a long period of time, we find limited country- and variable-specific effects of central bank transparency on forecast accuracy and their dispersion among a large set of professional forecasts of financial and...
Persistent link: https://www.econbiz.de/10011790688
This paper investigates the performance of the IMF WEO growth forecast revisions across different horizons and country groups. We find that: (i) growth revisions in horizons closer to the actual are generally larger, more volatile, and more negative; (ii) on average, growth revisions are in the...
Persistent link: https://www.econbiz.de/10013300855
book uses non-stationary panel techniques to find pair-wise cointegration among GDP per capita and its main correlates such …
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and conflict-affected states. To address this limited data availablity, this paper proposes a panel approach that utilizes …
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We examine the behavior of forecasts for real GDP growth using a large panel of individual forecasts from 30 advanced …
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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 …
Persistent link: https://www.econbiz.de/10003764051