Essay Oced Forecast
OECD FORECASTS DURING AND AFTER THE FINANCIAL CRISIS: A POST MORTEM
OECD Economics Department Policy Note no. 23
This Policy Note is published on the responsibility of the Secretary-General of the OECD. The opinions expressed and arguments employed herein do not necessarily reflect the official views of the Organisation or of the governments of its member countries.
This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and …show more content…
Forecasting during the crisis 1. This note discusses OECD forecast performance over the period 2007-12. It focuses on the lessons that can be learned from cross-country differences in growth forecast errors and the changes to forecasting models and procedures that have been prompted by the experience of the crisis. A more detailed statistical evaluation of OECD forecast performance, and information on growth and inflation projection errors in different economies, is provided in the accompanying