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A Comparative Study of the Forecasting Performance of Three International Organizations / Pingfan Hong and Zhibo Tan.
- Format:
- Book
- Government document
- Author/Creator:
- Hong, Pingfan, author.
- Series:
- UN Department of Economic and Social Affairs (DESA) Working Papers, 2520-6656 ; no.133.
- UN Department of Economic and Social Affairs (DESA) Working Papers, 2520-6656 ; no.133
- Language:
- English
- Subjects (All):
- Economic and Social Development.
- Local Subjects:
- Economic and Social Development.
- Physical Description:
- 1 online resource.
- Place of Publication:
- New York : United Nations, 2014.
- System Details:
- text file
- Summary:
- This article evaluates and compares the forecasting performance of three international organizations: the United Nations, the International Monetary Fund and the World Bank. The annual forecasts made by the United Nations in the period of 1981-2011 are found to be fairly robust, in terms of bias and efficiency. In comparison, the forecasting performance of the United Nations is found to be marginally better than the other two organizations during the period of 2000-2012. However, the forecasts of all these organizations missed the Great Recession of 2009 by a large margin.
- Access Restriction:
- Restricted for use by site license.
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