N.Carnot, V.Koen, B.Tissot – Economic Forecasting
N.Carnot, V.Koen, B.Tissot – Economic Forecasting
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Economic Forecasting provides a comprehensive overview of macroeconomic forecasting. The focus is first on a wide range of theories as well as empirical methods: business cycle analysis, time series methods, macroeconomic models, medium and long-run projections…
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Description
Economic Forecasting
Economic Forecasting gives an overview of macroeconomic forecasting. Business cycle analysis, time series methods, macroeconomic models, medium and long-run projections, fiscal and financial forecasts, and sectoral forecasting are some of the theories that the focus is on first. The main issues surrounding the use of forecasts are addressed in the book. There is a tour of the economic data.
Authors are about.
Nicolas is the Head of the Domestic Economic Outlook Division at the Ministry of Finance, France. He worked at the French Ministry of Finance and the International Monetary Fund. His research focuses on macroeconomics.
Vincent Kon is the Principal Economist at the Organisation for Economic Co-operation and Development. He worked at the International Monetary Fund and the French Central Bank. He holds a PhD from MIT and has written a textbook on capital markets.
Before joining the Bank for International Settlements, he ran the International Economic Synthesis Division in the Forecasting Directorate of the French Ministry of Finance. His research focuses on macroeconomics. La Prévision conomique, co-authored by him and Nicolas Carnot, received a prize for best economics book in 2003 from the French Moral and Political Sciences Academy.
There is a table of contents.
Foreword
First principles
The data is 15
There are 3 incoming news and 51 near-term forecasts.
Time series methods are used.
Modelling behavior 103.
There are 6 macroeconomic models.
Projections are medium and long-run.
Commodity and financial markets.
The budget forecasts 207.
Sectoral is forecasting 229.
There was an accuracy of 235.
The forecasts are used.
Communication challenges
There is a tour of the forecasting institutions.
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