Evaluating Forecasts, Narratives and Policy Using a Test of Invariance

Economic policy agencies produce forecasts with accompanying narratives, and base policy changes on the resulting anticipated developments in the target variables. Systematic forecast failure, defined as large, persistent deviations of the outturns from the numerical forecasts, can make the associat...

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Bibliografische gegevens
Hoofdauteurs: Jennifer L. Castle, David F. Hendry, Andrew B. Martinez
Formaat: Artikel
Taal:English
Gepubliceerd in: MDPI AG 2017-09-01
Reeks:Econometrics
Onderwerpen:
Online toegang:https://www.mdpi.com/2225-1146/5/3/39