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Author:Ash, J.
Smyth, D.
Heravi, S.
Title:The accuracy of OECD forecasts of the international economy: balance of payments
Journal:Journal of International Money and Finance
1997 : DEC, VOL. 16:6, p. 969-988
Index terms:OECD
INTERNATIONAL
ECONOMIC CONDITIONS
Language:eng
Abstract:This paper examines the accuracy of forecasts of the international economy made by the OECD. The large data set, comprising some 5500 pairs of forecasts and outcomes, includes one-, two-, and three-step ahead semi-annual forecasts of eight components of the balance of payments for the G7 economies over a 20-year period. There is considerable variation in the accuracy of these forecasts, claim the authors of the present article on the accuracy.
SCIMA record nr: 171066
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