How Accurate Are Private Sector Forecasts : Cross-Country Evidence From Consensus Forecasts of Output Growth /

This paper evaluates the performance of Consensus Forecasts of GDP growth for industrialized and developing countries from 1989 to 1998. The questions addressed are (1) How do forecast errors differ across industrialized and developing countries? (2) How well do forecasters predict recessions? (3) A...

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Príomhchruthaitheoir: Loungani, Prakash
Formáid: IRIS
Teanga:English
Foilsithe / Cruthaithe: Washington, D.C. : International Monetary Fund, 2000.
Sraith:IMF Working Papers; Working Paper ; No. 2000/077
Rochtain ar líne:Full text available on IMF
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100 1 |a Loungani, Prakash. 
245 1 0 |a How Accurate Are Private Sector Forecasts :   |b Cross-Country Evidence From Consensus Forecasts of Output Growth /  |c Prakash Loungani. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2000. 
300 |a 1 online resource (32 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper evaluates the performance of Consensus Forecasts of GDP growth for industrialized and developing countries from 1989 to 1998. The questions addressed are (1) How do forecast errors differ across industrialized and developing countries? (2) How well do forecasters predict recessions? (3) Are forecasts efficient and unbiased? (4) How does private sector performance compare with that of international organizations? (5) Is forecaster discord a reliable predictor of forecast accuracy? Two key results emerge. First, the record of failure to predict recessions is virtually unblemished. Second, there is high degree of similarity between private forecasts and those of international organizations. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2000/077 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2000/077/001.2000.issue-077-en.xml  |z IMF e-Library