The economy in 1979 will be plagued with slow growth, increased unemployment, and continuing high rates of inflation …

Although macroeconomic forecasting forms an integral part of the policymaking process, there has been a serious lack of … product (GDP) growth and consumer price index inflation. This paper fills this research gap by providing a replicable … forecasting model that beats a host of other competing models when measured by root mean square errors, especially over long …

inflation. This paper fills this research gap by providing a replicable forecasting model that beats a host of other competing …Although macroeconomic forecasting forms an integral part of the policymaking process, there has been a serious lack of … models when measured by root mean square errors, especially over long-run forecast horizons. The model is shown to be capable …

' expectations of inflation and output growth the tests indicate conflicting behaviour. We show that this can be explained in terms …