EconPapers    
Economics at your fingertips  
 

The irrelevance of tests for bias in series of macroeconomic forecasts

Roy H. Webb

Economic Review, 1987, vol. 73, issue Nov, 3-9

Abstract: The idea of rational expectations has revolutionized macroeconomics. Several authors believe that the idea can be easily tested by a simple econometric procedure. This paper, however, presents several reasons for questioning the relevance of such tests.

Keywords: Forecasting (search for similar items in EconPapers)
Date: 1987
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13) Track citations by RSS feed

Downloads: (external link)
https://fraser.stlouisfed.org/files/docs/publicati ... ev_frbrich198711.pdf (application/pdf)

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

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedrer:y:1987:i:nov:p:3-9:n:v.73no.6

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in Economic Review from Federal Reserve Bank of Richmond Contact information at EDIRC.
Bibliographic data for series maintained by Christian Pascasio ().

 
Page updated 2020-02-26
Handle: RePEc:fip:fedrer:y:1987:i:nov:p:3-9:n:v.73no.6