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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| Format: | Žurnal |
| Jezik: | English |
| Izdano: |
Washington, D.C. :
International Monetary Fund,
2021.
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| Serija: | IMF Working Papers; Working Paper ;
No. 2021/275 |
| Teme: | |
| Online pristup: | Full text available on IMF |