This paper explores prospects for the world economy to the year 2020 through a series of scenarios based on different assumptions about future changes in the structure of individual economies. It differs from most other medium term studies because we do not assume that each economy's variables...

This paper describes Bayesian procedures for forecasting countries' output growth rates and medians of a set of output growth rates using the Gibbs sampler.

We compare the dunamics under myopic foresight and under perfect foresight in an overlapping generations model with capital accumulation and two-period lived individuals. When the rational dynamics are defined and the myopic dynamics are monotonic, the study of myopic foresight allows to...

This study presents a projection for the Canadian economy through the year 2020. Although the primary focus of this exercise is on the medium-term and the long-term, attention is inevitably drawn to the short-term outlook. This study incorporates a revision to our latest short-term forecast...