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Information Rigidity in Growth Forecasts: Some Cross-Country Evidence

  • Natalia T. Tamirisa
  • Prakash Loungani
  • Herman O. Stekler

We document information rigidity in forecasts for real GDP growth in 46 countries over the past two decades. We investigate: (i) if rigidities are lower around turning points in the economy, such as in times of recessions and crises; (ii) if rigidities differ across countries, particularly between advanced countries and emerging markets; and (iii) how quickly forecasters incorporate news about growth in other countries into their growth forecasts, with a focus on how advanced countries‘ growth forecasts incorporate news about emerging market growth and vice versa.

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Paper provided by International Monetary Fund in its series IMF Working Papers with number 11/125.

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Length: 41
Date of creation: 01 Jun 2011
Date of revision:
Handle: RePEc:imf:imfwpa:11/125
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