02351cas a2200337 a 4500 AALejournalIMF022470 230101c9999 xx r poo 0 0eng d 18.00 USD 9781513573663 1018-5941 BD-DhAAL BD-DhAAL Hadzi-Vaskov, Metodij. Patterns in IMF Growth Forecast Revisions : A Panel Study at Multiple Horizons / Metodij Hadzi-Vaskov, Luca Ricci, Alejandro Mariano Werner, Rene Zamarripa. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (57 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 This paper investigates the performance of the IMF WEO growth forecast revisions across different horizons and country groups. We find that: (i) growth revisions in horizons closer to the actual are generally larger, more volatile, and more negative; (ii) on average, growth revisions are in the right direction, becoming progressively more responsive to the forecast error gap as horizons get closer to the actual year; (iii) growth revisions in systemic economies are relevant for growth revisions in all country groups; (iv) WEO and Consensus Forecast growth revisions are highly correlated; (v) fall-to-spring WEO revisions are more correlated with Consensus Forecasts revisions compared to spring-to-fall revisions; and (vi) across vintages, revisions for a given time horizon are not autocorrelated; within vintages, revisions tend to be positively correlated, suggesting perception of persistent short-term shocks. Mode of access: Internet Diffusion Processes imf Foreign Exchange imf Informal Economy imf Technological Change imf Underground Econom imf Mariano Werner, Alejandro. Ricci, Luca. Zamarripa, Rene. IMF Working Papers; Working Paper ; No. 2021/136 Full text available on IMF http://elibrary.imf.org/view/journals/001/2021/136/001.2021.issue-136-en.xml IMF e-Library