01758cas a2200253 a 4500 AALejournalIMF001399 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451846478 1018-5941 BD-DhAAL BD-DhAAL Phillips, Steven. Comparing Projections and Outcomes of IMF-Supported Programs / Steven Phillips, Alberto Musso. Washington, D.C. : International Monetary Fund, 2001. 1 online resource (34 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 'Program numbers' from a sample of IMF-supported programs are studied as if they were forecasts, through statistical analyses of the relationship between projections and outcomes for growth, inflation, and three balance of payments concepts. Statistical bias is found only for projections of inflation and official reserves. Statistical efficiency can be rejected for all variables except growth, suggesting that some program projections were less accurate than they might have been. Nevertheless, most projections are found to have some predictive value. Since several findings are shown to be sample-dependent, the full-sample results should be interpreted cautiously. Mode of access: Internet Musso, Alberto. IMF Working Papers; Working Paper ; No. 2001/045 Full text available on IMF http://elibrary.imf.org/view/journals/001/2001/045/001.2001.issue-045-en.xml IMF e-Library