Why should we be interested in macroeconomic survey expectations? Clements presents the nature of survey data, addresses some of the difficulties posed by the way in which survey expectations are elicited and considers the evaluation of point predictions and probability distributions.
Why should we be interested in macroeconomic survey expectations? Clements presents the nature of survey data, addresses some of the difficulties pose...
Making accurate predictions about the economy has always been difficult, but today forecasters have to contend with increasing complexity and unpredictable feedback loops. This introduction provides an accessible overview of the processes and difficulties of forecasting. For students, for practitioners new to the field, and for general readers interested in how economists forecast.
Making accurate predictions about the economy has always been difficult, but today forecasters have to contend with increasing complexity and unpredic...