The directional accuracy of 15-months-ahead forecasts made by the IMF
Open Access
- 1 April 2003
- journal article
- research article
- Published by Taylor & Francis in Applied Economics Letters
- Vol. 10 (6) , 331-333
- https://doi.org/10.1080/1350485022000040998
Abstract
A considerable number of studies have investigated the directional accuracy of macroeconomic forecasts, and have obtained mixed results for long-term forecasts. This paper re-examines this issue using the IMF forecasts for the G7 countries, and find that combining the long-term and the short-term forecasts significantly improves the directional accuracy.Keywords
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