Policy Making and Forecasts

Nicolas Carnot, Vincent Koen () and Bruno Tissot

Chapter 8 in Economic Forecasting and Policy, 2011, pp 309-353 from Palgrave Macmillan

Abstract: Abstract Forecasts are a key input into policy making but are also a prominent output, in so far as policy makers’ choices shape the forecast, and those policy makers need to ‘sell’ their decisions jointly with a forecast.1 Official forecasts enter the decision-making processes of other economic agents, notably businesses, social partners and households, some of whom in turn produce their own forecasts.

Keywords: Monetary Policy; Central Bank; International Monetary Fund; Fiscal Policy; Euro Area (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-30644-8_9

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DOI: 10.1057/9780230306448_9

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