Information Rigidities in Economic Growth Forecasts: Evidence from a Large International Panel ePub (Adobe DRM) download by Jonas Dovern

Information Rigidities in Economic Growth Forecasts: Evidence from a Large International Panel

INTERNATIONAL MONETARY FUND
Publication date: February 2013
ISBN: 9781475587616
Digital Book format: ePub (Adobe DRM)

Buy ePub

List price:
$9.00
Our price:
$6.99

You save: $2.01 (22%)
We examine the behavior of forecasts for real GDP growth using a large panel of individual forecasts from 30 advanced and emerging economies during 1989-2010. Our main findings are as follows. First, our evidence does not support the validity of the sticky information model (Mankiw and Reis, 2002) for describing the dynamics of professional growth forecasts. Instead, the empirical evidence is more in line with implications of "noisy" information models (Woodford, 2002; Sims, 2003). Second, we find that information rigidities are more pronounced in emerging economies than advanced economies. Third, there is evidence of nonlinearities in forecast smoothing. It is less pronounced in the tails of the distribution of individual forecast revisions than in the central part of the distribution.
Please sign in to review this product.
Devices:
Information Rigidities in Economic Growth Forecasts: Evidence from a Large International Panel ePub (Adobe DRM) can be read on any device that can open ePub (Adobe DRM) files.

File Size:
1379 Kb
Language:
ENG
Copy From Text:
Disabled.
Printing:
Disabled.
Other books by Jonas Dovern
Information Rigidities: Comparing Average and Individual Forecasts for a Large International Panel ePub (Adobe DRM) download by Jonas Dovern
Information Rigidities: Comparing Average and Individual Forecasts for a Large International Panel
Jonas Dovern & Ulrich Fritsche
INTERNATIONAL MONETARY FUND, February 2014
ISBN: 9781484305201
Format: ePub
List Price: $9.00 Our price: $6.99