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Evaluation of the Eurozone Economic Outlook

Author

Listed:
  • Korbinian Breitrainer
  • Atanas Hristov

Abstract

The Ifo Institute, together with INSEE (Paris) and Istat (Rome), makes quarterly forecasts of real gross domestic product, inflation, consumption, investments and industrial production in the euro area, in the Eurozone Economic Outlook (EZEO). This article assesses the quality of EZEO forecasts for real gross domestic product and inflation. Forecast error analyses show that there is no significant statistical difference between the forecasts by the EZEO and Consensus Economics.

Suggested Citation

  • Korbinian Breitrainer & Atanas Hristov, 2015. "Evaluation of the Eurozone Economic Outlook," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 68(24), pages 67-73, December.
    • Handle: RePEc:ces:ifosdt:v:68:y:2015:i:24:p:67-73
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    References listed on IDEAS

    as
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    4. Timo Wollmershäuser, 2015. "Evaluation of Ifo Economic Forecasts – a Comparison with Forecasts by Consensus Economics," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 68(22), pages 26-28, November.
    5. Steffen Henzel & Wolfgang Nierhaus & Timo Wollmershäuser, 2014. "Evaluation der ifo Konjunkturprognosen," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 67(17), pages 43-45, September.
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    More about this item

    JEL classification:

    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods

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