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

WP/13/56

Nopic
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... READ MORE...

Publication date: February 2013
ISBN 9781475562958
$18.00

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Publication date: February 2013

English