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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Sonraí bibleagrafaíochta
Príomhchruthaitheoir: Carriere-Swallow, Yan
Rannpháirtithe: Marzluf, Jose
Formáid: IRIS
Teanga:English
Foilsithe / Cruthaithe: Washington, D.C. : International Monetary Fund, 2021.
Sraith:IMF Working Papers; Working Paper ; No. 2021/275
Ábhair:
Rochtain ar líne:Full text available on IMF