Is the Cycle the Trend? Evidence From the Views of International Forecasters

Is the Cycle the Trend? Evidence From the Views of International Forecasters
We revisit the conventional view that output fluctuates around a stable trend by analyzing professional long-term forecasts for 38 advanced and emerging market economies. If transitory deviations around a trend dominate output fluctuations, then forecasters should not change their long-term output level forecasts following an unexpected change... READ MORE...

Publication date: July 2018
ISBN 9781484363980
$18.00

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