show that optimism bias is greater the longer the forecast horizon …

show that optimism bias is greater the longer the forecast horizon …

the new enhanced EU fiscal framework, with forecasts being irrational and a pessimistic bias. Recently highlighted …

Exponential growth bias (EGB) is the pervasive tendency of people to perceive a growth process as linear when, in fact … positive cases in the future. The bias is positively correlated with optimistic expectations about the future macroeconomic … to Baseline, b) Feedback-N, Feedback-G, and Forecast significantly reduce bias relative to both Baseline and Step, c) the …

model economic growth as exogenous technical change. Allowing for capital biased technical change with a sector bias and for …