This paper argues that the Commission forecasts dispose of a resaonable track record. Most of the traditional test for examining the quality of predictions are passed in a satisfactory way. The comparisons with forecasts made by the IMF, OECD and national forecast institutes are not unfavourable for the European Commission.
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Paper provided by Commission of the EC, Directorate-General for Economic and Financial Affairs (DG ECFIN) in its series European Economy - Economic Papers with number
137.
Find related papers by JEL classification: C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Other Model Applications E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe
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