Forecasts with production expectations integrated into a macroeconomic model

Jakob Madsen

No 1997011, Discussion Papers (REL - Recherches Economiques de Louvain) from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

Abstract: This paper suggests that forecasts of changes in production from production expectations can be improved by using the information contained in a reduced form macroeconomic model. The model is estimated using quarterly data for 14 OECD countries. The estimation results indicate that the forecast of changes in production from survey production expectations can be improved by embedding the macroeconomic model into the forecast equations.

JEL-codes: C52 C53 (search for similar items in EconPapers)
Pages: 10
Date: 1997-03-01
References: Add references at CitEc
Citations:

Downloads: (external link)
http://sites.uclouvain.be/econ/DP/REL/1997011.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:ctl:louvre:1997011

Access Statistics for this paper

More papers in Discussion Papers (REL - Recherches Economiques de Louvain) from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) Place Montesquieu 3, 1348 Louvain-la-Neuve (Belgium). Contact information at EDIRC.
Bibliographic data for series maintained by Sebastien SCHILLINGS ().