How good are U.S. government forecasts of the federal debt?
This paper compares annual one-year-ahead and five-year-ahead forecasts from government agencies for the U.S. gross federal debt and deficit from 1984 to 2013. Other studies have compared two of these agencies' forecasts, but not for debt. The current paper finds that the forecast from the An...
| Main Author: | |
|---|---|
| Format: | Working paper |
| Published: |
University of Oxford
2014
|
| _version_ | 1826267506320343040 |
|---|---|
| author | Martinez, A |
| author_facet | Martinez, A |
| author_sort | Martinez, A |
| collection | OXFORD |
| description | This paper compares annual one-year-ahead and five-year-ahead forecasts from government agencies for the U.S. gross federal debt and deficit from 1984 to 2013. Other studies have compared two of these agencies' forecasts, but not for debt. The current paper finds that the forecast from the Analysis of the President's Budget performs best across both horizons but does not encompass the other forecasts. Instead, each of the forecasts lacks information included by the other agencies and therefore a combination of all three outperforms any forecast individually. |
| first_indexed | 2024-03-06T20:55:13Z |
| format | Working paper |
| id | oxford-uuid:3900928c-3244-42b3-9144-725013fb1f79 |
| institution | University of Oxford |
| last_indexed | 2024-03-06T20:55:13Z |
| publishDate | 2014 |
| publisher | University of Oxford |
| record_format | dspace |
| spelling | oxford-uuid:3900928c-3244-42b3-9144-725013fb1f792022-03-26T13:53:04ZHow good are U.S. government forecasts of the federal debt?Working paperhttp://purl.org/coar/resource_type/c_8042uuid:3900928c-3244-42b3-9144-725013fb1f79Bulk import via SwordSymplectic ElementsUniversity of Oxford2014Martinez, AThis paper compares annual one-year-ahead and five-year-ahead forecasts from government agencies for the U.S. gross federal debt and deficit from 1984 to 2013. Other studies have compared two of these agencies' forecasts, but not for debt. The current paper finds that the forecast from the Analysis of the President's Budget performs best across both horizons but does not encompass the other forecasts. Instead, each of the forecasts lacks information included by the other agencies and therefore a combination of all three outperforms any forecast individually. |
| spellingShingle | Martinez, A How good are U.S. government forecasts of the federal debt? |
| title | How good are U.S. government forecasts of the federal debt? |
| title_full | How good are U.S. government forecasts of the federal debt? |
| title_fullStr | How good are U.S. government forecasts of the federal debt? |
| title_full_unstemmed | How good are U.S. government forecasts of the federal debt? |
| title_short | How good are U.S. government forecasts of the federal debt? |
| title_sort | how good are u s government forecasts of the federal debt |
| work_keys_str_mv | AT martineza howgoodareusgovernmentforecastsofthefederaldebt |