Forecast Errors and Uncertainty Shocks /

Macroeconomic forecasts are persistently too optimistic. This paper finds that common factors related to general uncertainty about U.S. macrofinancial prospects and global demand drive this overoptimism. These common factors matter most for advanced economies and G- 20 countries. The results suggest...

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Detalles Bibliográficos
Autor principal: Nowak, Sylwia
Otros Autores: Chatterjee, Pratiti
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 2016.
Colección:IMF Working Papers; Working Paper ; No. 2016/228
Materias:
Acceso en línea:Full text available on IMF