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Normaler Abschwung oder schwere Rezession? Ein neues Modell für die Prognose der Konjunkturphasen in Deutschland

Author

Listed:
  • Carstensen, Kai
  • Wolters, Maik H.

Abstract

Die Güte makroökonomischer Prognosen hängt vom Konjunkturzyklus ab. Jannsen und Dovern (2017a) analysieren für 19 Länder eine Vielzahl von Prognosen für das Bruttoinlandsprodukt und zeigen, dass diese für Aufschwungphasen im Mittel zutreffend, für Rezessionen hingegen systematisch zu positiv sind. In den Veröffentlichungen institutioneller Prognostiker lassen sich tatsächlich häufig Risikoansprachen oder gesonderte Rezessionsszenarien finden, viel seltener jedoch genau datierte Rezessionen als Teil der Basisprognose. Offenbar tun sich Ökonomen schwer damit, Zeitpunkt und Ausmaß einer Rezession vorherzusagen, selbst wenn sie mit einer konjunkturellen Schwächephase rechnen.

Suggested Citation

  • Carstensen, Kai & Wolters, Maik H., 2017. "Normaler Abschwung oder schwere Rezession? Ein neues Modell für die Prognose der Konjunkturphasen in Deutschland," Kiel Insight 2017.14, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwbox:201714
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    References listed on IDEAS

    as
    1. Boss, Alfred & Dovern, Jonas & Meier, Carsten-Patrick & Scheide, Joachim, 2008. "Deutsche Konjunktur: leichte Rezession absehbar," Open Access Publications from Kiel Institute for the World Economy 28638, Kiel Institute for the World Economy (IfW Kiel).
    2. Carstensen, Kai & Heinrich, Markus & Reif, Magnus & Wolters, Maik H., 2020. "Predicting ordinary and severe recessions with a three-state Markov-switching dynamic factor model," International Journal of Forecasting, Elsevier, vol. 36(3), pages 829-850.
    3. Dovern, Jonas & Jannsen, Nils, 2017. "Systematic errors in growth expectations over the business cycle," International Journal of Forecasting, Elsevier, vol. 33(4), pages 760-769.
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    Cited by:

    1. Ademmer, Martin & Boysen-Hogrefe, Jens & Fiedler, Salomon & Groll, Dominik & Hauber, Philipp & Jannsen, Nils & Kooths, Stefan & Potjagailo, Galina & Wolters, Maik H., 2018. "Deutsche Konjunktur im Sommer 2018 - Deutsche Wirtschaft: Luftloch im konjunkturellen Höhenflug [German Economy Summer 2018 - German economy: Temporary slowdown, boom not over yet]," Kieler Konjunkturberichte 44, Kiel Institute for the World Economy (IfW Kiel).
    2. Jannsen, Nils, 2018. "Prognosen des IfW und tatsächliche Entwicklung 2017," Kiel Insight 2018.2, Kiel Institute for the World Economy (IfW Kiel).
    3. Hauber, Philipp & Jannsen, Nils & Wolters, Maik H., 2018. "Schwacher Jahresauftakt 2018: Delle oder Beginn eines Abschwungs?," Kiel Insight 2018.10, Kiel Institute for the World Economy (IfW Kiel).
    4. Ademmer, Martin & Boysen-Hogrefe, Jens & Fiedler, Salomon & Groll, Dominik & Hauber, Philipp & Jannsen, Nils & Kooths, Stefan & Potjagailo, Galina, 2018. "Deutsche Konjunktur im Frühjahr 2018 - Deutsche Wirtschaft näher am Limit [German Economy Spring 2018 - German economy closer to its limit]," Kieler Konjunkturberichte 41, Kiel Institute for the World Economy (IfW Kiel).

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