An eclectic model of recent LDC macroeconomic policy analyses
نویسندگان
چکیده
منابع مشابه
Policy Applications of a Global Macroeconomic Model
Central banks and other policy institutions have a long history of using macroeconomic models to help prepare forecasts and to quantify the economic consequences of various policies. Likewise, private sector firms have long depended on models to summarize these complex interactions succinctly and to evaluate the likelihood of specific macroeconomic outcomes; this is especially true for financia...
متن کاملAn Evaluation of Recent Macroeconomic Forecast Errors
D espite a significant decline in the pace of economic growth in the second half of 2000, macroeconomic forecasters underpredicted real GDP growth and overpredicted the unemployment rate by a significant amount, for the fifth consecutive year. On average, real GDP forecasts were about 2 percentage points below the actual data for the 1996-2000 period, and unemployment rate forecasts about 0.5 p...
متن کاملRobustness and Macroeconomic Policy
This paper considers the design of macroeconomic policies in the face of uncertainty. In recent years, several economists have advocated that when policymakers are uncertain about the environment they face and find it difficult to assign precise probabilities to the alternative scenarios that may characterize this environment, they should design policies to be robust in the sense that they mini...
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ژورنال
عنوان ژورنال: World Development
سال: 1982
ISSN: 0305-750X
DOI: 10.1016/0305-750x(82)90027-4