ebooks logo journals logo reference works logo abstract databases logo
bullet  SIGN IN Register | Why Register? | Got a Voucher? alerts   marked lists   shopping cart 

informaworld

HOME   |   SEARCH   |   BROWSE
    Issues List       Latest Issue       Forthcoming Articles       Subscribe       Article       References       Related articles      
<< firstfirst   < prevprev   Table of contentstoc   next >next   last >>last
Publisher Logo Publication Cover
Search within this journal
iFirst
immediate access to the latest key research articles

Directional forecasts of GDP and inflation: a joint evaluation with an application to Federal Reserve predictions 

Authors: Tara M. Sinclair a;  H. O. Stekler a; L. Kitzinger b
Affiliations:   a Department of Economics, George Washington University, Washington, DC 20052, USA
b Harvard Law School, Cambridge, MA 02138, USA
DOI: 10.1080/00036840701857978
Publication Frequency: 24 issues per year
Published in: journal Applied Economics
First Published on: 24 December 2008
Formats available: HTML (English) : PDF (English)
Article Requests: Order Reprints : Request Permissions


Abstract

Many studies have undertaken separate analyses of the Fed's forecasts of real Gross Domestic Product (GDP) growth and inflation. This article presents a method for jointly evaluating the direction of change predictions of these variables. We conclude that some of the inflation forecasts, examined separately, were not valuable. However, the joint pattern of GDP and inflation projections was generally in accord with the economy's movements.


'… directional forecastingis now an increasingly popular metric for forecasting performance….' (Pesaran and Timmermann, 2004, 414)
view references (19)
Bookmark with:
  • CiteULike
  • Del.icio.us
  • BibSonomy
  • Connotea
  • More bookmarks
Privacy Policy | Terms & Conditions | Accessibility | RSS
FAQs in: English . Français . Español . 中文(简体和繁體)
© 2009 Informa plc