Macrofinancial Causes of Optimism in Growth Forecasts /

Macrofinancial Causes of Optimism in Growth Forecasts /

We analyze the causes of the apparent bias towards optimism in growth forecasts underpinning the design of IMF-supported programs, which has been documented in the literature. We find that financial variables observable to forecasters are strong predictors of growth forecast errors. The greater the...

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Bibliografiske detaljer
Hovedforfatter:	Carriere-Swallow, Yan
Andre forfattere:	Marzluf, Jose
Format:	Tidsskrift
Sprog:	English
Udgivet:	Washington, D.C. : International Monetary Fund, 2021.
Serier:	IMF Working Papers; Working Paper ; No. 2021/275
Fag:	Financial Markets and The Macroeconomy Forecasting and Other Model Applications International Finance Forecasting and Simulation International Monetary Arrangements and Institutions Macroeconomic Forecasting Macroeconomics
Online adgang:	Full text available on IMF

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