A Note on the Diachronic Behaviour of the OECD Forecasts for Greece
AbstractIn this short paper a Gamma distributed lags model is used to study the diachronic responses between the actual data and the forecasts supplied by OECD the last 27 years for the case of the Greek Economy. According to our results we verified the potentials of the OECD to improve its forecasts as the size of the foreseeable period decreases. Irrespective of how good are the OECD’s forecasts, there is certainly much room for further improvement.
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Bibliographic InfoPaper provided by University of Crete, Department of Economics in its series Working Papers with number 0814.
Length: 19 pages
Date of creation: 00 2008
Date of revision: 00 2008
Publication status: Forthcoming in Journal of Computational Optimization in Economics and Finance
OECD Forecasting Accuracy; Greek Economy; Gamma Distributed Lags Model;
Find related papers by JEL classification:
- E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
- E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
- F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
- F47 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Forecasting and Simulation: Models and Applications
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-06-21 (All new papers)
- NEP-FOR-2008-06-21 (Forecasting)
- NEP-MAC-2008-06-21 (Macroeconomics)
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