Testing the rationality of forecast revisions made by the IMF and the OECD

Masahiro Ashiya ()

Journal of Forecasting, 2006, vol. 25, issue 1, pages 25-36

Abstract: We investigate the rationality of forecast revisions made by the IMF and the OECD over the past three decades. We find that 60% of real-GDP forecast series and 37% of GDP-deflator forecast series are consistent with rationality. Forecast smoothing is found in real-GDP forecasts. Copyright © 2006 John Wiley & Sons, Ltd.

View citations in EconPapers

Downloads: (external link)
http://hdl.handle.net/10.1002/for.979 Link to full text; subscription required (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Access Statistics for this article

Journal of Forecasting is edited by Derek W. Bunn

More articles in Journal of Forecasting from John Wiley & Sons, Ltd.
Series data maintained by Christopher F. Baum ().