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Do IMF fiscal forecasts add value?
DOI:10.1002/for.2527.png)
摘要
En 中文
We used a panel of 29 advanced and emerging market countries to investigate whether the IMF's World Economic Outlook (WEO) fiscal forecasts add value in terms of forecast accuracy and information content, relative to private sector forecasts (from Consensus Economics). We find that: (i) WEO forecasts are not significantly less accurate than Consensus forecasts; (ii) WEO and Consensus forecasts tend to mutually encompass one another; and (iii) each source of forecasts appears to contain some information that is not embedded in the other source.
Keyword:
asymmetry
bias
budget balance
efficiency
forecast comparison
information rigidity
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期刊
IF:
2.7
论文数:
2.3K
被引数:
3.0K
机构
引用论文
Information Rigidity and the Expectations Formation Process: A Simple Framework and New Facts
AMERICAN ECONOMIC REVIEW
IF11.6

