Forecast Errors and Uncertainty Shocks /
Macroeconomic forecasts are persistently too optimistic. This paper finds that common factors related to general uncertainty about U.S. macrofinancial prospects and global demand drive this overoptimism. These common factors matter most for advanced economies and G- 20 countries. The results suggest...
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| Médium: | Časopis |
| Jazyk: | English |
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Washington, D.C. :
International Monetary Fund,
2016.
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| Edice: | IMF Working Papers; Working Paper ;
No. 2016/228 |
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| On-line přístup: | Full text available on IMF |