What drives economic growth forecast revisions?
Autor*in: |
Hadzi-Vaskov, Metodij [verfasserIn] Ricci, Luca Antonio [verfasserIn] Werner, Alejandro Mariano [verfasserIn] Zamarripa, Rene [verfasserIn] |
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Format: |
E-Artikel |
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Sprache: |
Englisch |
Erschienen: |
2023 |
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Schlagwörter: |
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Übergeordnetes Werk: |
Enthalten in: Review of international economics - Oxford [u.a.] : Wiley-Blackwell, 1992, 31(2023), 3 vom: Aug., Seite 1068-1092 |
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Übergeordnetes Werk: |
volume:31 ; year:2023 ; number:3 ; month:08 ; pages:1068-1092 |
Links: |
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DOI / URN: |
10.1111/roie.12653 |
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Katalog-ID: |
1857658612 |
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982 | |2 26 |1 00 |x DE-206 |b This article investigates how the IMF WEO growth forecast revisions behave across different horizons and country groups. Our main findings suggest that (i) growth revisions in horizons closer to the actual are generally larger, more volatile, and more negative; (ii) on average, growth revisions are in the right direction, becoming progressively more responsive to forecast errors as horizons get closer to the actual year; (iii) growth revisions in systemic economies are relevant for growth revisions in all country groups; (iv) across vintages, revisions for a given time horizon are not autocorrelated; within vintages, they tend to be positively associated, suggesting a persistent perception of short-term shocks; and (v) professional growth revisions are highly correlated. |
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10.1111/roie.12653 doi (DE-627)1857658612 (DE-599)KXP1857658612 DE-627 ger DE-627 rda eng Hadzi-Vaskov, Metodij verfasserin (DE-588)1150540052 (DE-627)1010815318 (DE-576)497114658 aut What drives economic growth forecast revisions? Metodij Hadzi-Vaskov, Luca Antonio Ricci, Alejandro Mariano Werner, Rene Zamarripa 2023 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier economic forecasts (dpeaa)DE-206 forecast revisions (dpeaa)DE-206 growth forecasts (dpeaa)DE-206 WEO (dpeaa)DE-206 Ricci, Luca Antonio verfasserin (DE-588)171485939 (DE-627)061691860 (DE-576)132276569 aut Werner, Alejandro Mariano verfasserin aut Zamarripa, Rene verfasserin aut Enthalten in Review of international economics Oxford [u.a.] : Wiley-Blackwell, 1992 31(2023), 3 vom: Aug., Seite 1068-1092 Online-Ressource (DE-627)269018816 (DE-600)1473793-0 (DE-576)077662563 1467-9396 nnns volume:31 year:2023 number:3 month:08 pages:1068-1092 https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/roie.12653 Verlag lizenzpflichtig https://doi.org/10.1111/roie.12653 Resolving-System lizenzpflichtig GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_105 GBV_ILN_110 GBV_ILN_120 GBV_ILN_138 GBV_ILN_150 GBV_ILN_151 GBV_ILN_152 GBV_ILN_161 GBV_ILN_170 GBV_ILN_171 GBV_ILN_184 GBV_ILN_187 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_266 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_636 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2006 GBV_ILN_2007 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2031 GBV_ILN_2034 GBV_ILN_2037 GBV_ILN_2038 GBV_ILN_2039 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2056 GBV_ILN_2057 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2065 GBV_ILN_2068 GBV_ILN_2088 GBV_ILN_2093 GBV_ILN_2106 GBV_ILN_2108 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2113 GBV_ILN_2118 GBV_ILN_2119 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2144 GBV_ILN_2147 GBV_ILN_2148 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2470 GBV_ILN_2472 GBV_ILN_2507 GBV_ILN_2522 GBV_ILN_2548 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4046 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4242 GBV_ILN_4246 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4335 GBV_ILN_4336 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4700 AR 31 2023 3 8 1068-1092 26 01 0206 4369595711 x1z 23-08-23 26 00 DE-206 This article investigates how the IMF WEO growth forecast revisions behave across different horizons and country groups. Our main findings suggest that (i) growth revisions in horizons closer to the actual are generally larger, more volatile, and more negative; (ii) on average, growth revisions are in the right direction, becoming progressively more responsive to forecast errors as horizons get closer to the actual year; (iii) growth revisions in systemic economies are relevant for growth revisions in all country groups; (iv) across vintages, revisions for a given time horizon are not autocorrelated; within vintages, they tend to be positively associated, suggesting a persistent perception of short-term shocks; and (v) professional growth revisions are highly correlated. |
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10.1111/roie.12653 doi (DE-627)1857658612 (DE-599)KXP1857658612 DE-627 ger DE-627 rda eng Hadzi-Vaskov, Metodij verfasserin (DE-588)1150540052 (DE-627)1010815318 (DE-576)497114658 aut What drives economic growth forecast revisions? Metodij Hadzi-Vaskov, Luca Antonio Ricci, Alejandro Mariano Werner, Rene Zamarripa 2023 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier economic forecasts (dpeaa)DE-206 forecast revisions (dpeaa)DE-206 growth forecasts (dpeaa)DE-206 WEO (dpeaa)DE-206 Ricci, Luca Antonio verfasserin (DE-588)171485939 (DE-627)061691860 (DE-576)132276569 aut Werner, Alejandro Mariano verfasserin aut Zamarripa, Rene verfasserin aut Enthalten in Review of international economics Oxford [u.a.] : Wiley-Blackwell, 1992 31(2023), 3 vom: Aug., Seite 1068-1092 Online-Ressource (DE-627)269018816 (DE-600)1473793-0 (DE-576)077662563 1467-9396 nnns volume:31 year:2023 number:3 month:08 pages:1068-1092 https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/roie.12653 Verlag lizenzpflichtig https://doi.org/10.1111/roie.12653 Resolving-System lizenzpflichtig GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_105 GBV_ILN_110 GBV_ILN_120 GBV_ILN_138 GBV_ILN_150 GBV_ILN_151 GBV_ILN_152 GBV_ILN_161 GBV_ILN_170 GBV_ILN_171 GBV_ILN_184 GBV_ILN_187 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_266 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_636 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2006 GBV_ILN_2007 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2031 GBV_ILN_2034 GBV_ILN_2037 GBV_ILN_2038 GBV_ILN_2039 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2056 GBV_ILN_2057 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2065 GBV_ILN_2068 GBV_ILN_2088 GBV_ILN_2093 GBV_ILN_2106 GBV_ILN_2108 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2113 GBV_ILN_2118 GBV_ILN_2119 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2144 GBV_ILN_2147 GBV_ILN_2148 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2470 GBV_ILN_2472 GBV_ILN_2507 GBV_ILN_2522 GBV_ILN_2548 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4046 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4242 GBV_ILN_4246 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4335 GBV_ILN_4336 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4700 AR 31 2023 3 8 1068-1092 26 01 0206 4369595711 x1z 23-08-23 26 00 DE-206 This article investigates how the IMF WEO growth forecast revisions behave across different horizons and country groups. Our main findings suggest that (i) growth revisions in horizons closer to the actual are generally larger, more volatile, and more negative; (ii) on average, growth revisions are in the right direction, becoming progressively more responsive to forecast errors as horizons get closer to the actual year; (iii) growth revisions in systemic economies are relevant for growth revisions in all country groups; (iv) across vintages, revisions for a given time horizon are not autocorrelated; within vintages, they tend to be positively associated, suggesting a persistent perception of short-term shocks; and (v) professional growth revisions are highly correlated. |
allfields_unstemmed |
10.1111/roie.12653 doi (DE-627)1857658612 (DE-599)KXP1857658612 DE-627 ger DE-627 rda eng Hadzi-Vaskov, Metodij verfasserin (DE-588)1150540052 (DE-627)1010815318 (DE-576)497114658 aut What drives economic growth forecast revisions? Metodij Hadzi-Vaskov, Luca Antonio Ricci, Alejandro Mariano Werner, Rene Zamarripa 2023 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier economic forecasts (dpeaa)DE-206 forecast revisions (dpeaa)DE-206 growth forecasts (dpeaa)DE-206 WEO (dpeaa)DE-206 Ricci, Luca Antonio verfasserin (DE-588)171485939 (DE-627)061691860 (DE-576)132276569 aut Werner, Alejandro Mariano verfasserin aut Zamarripa, Rene verfasserin aut Enthalten in Review of international economics Oxford [u.a.] : Wiley-Blackwell, 1992 31(2023), 3 vom: Aug., Seite 1068-1092 Online-Ressource (DE-627)269018816 (DE-600)1473793-0 (DE-576)077662563 1467-9396 nnns volume:31 year:2023 number:3 month:08 pages:1068-1092 https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/roie.12653 Verlag lizenzpflichtig https://doi.org/10.1111/roie.12653 Resolving-System lizenzpflichtig GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_105 GBV_ILN_110 GBV_ILN_120 GBV_ILN_138 GBV_ILN_150 GBV_ILN_151 GBV_ILN_152 GBV_ILN_161 GBV_ILN_170 GBV_ILN_171 GBV_ILN_184 GBV_ILN_187 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_266 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_636 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2006 GBV_ILN_2007 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2031 GBV_ILN_2034 GBV_ILN_2037 GBV_ILN_2038 GBV_ILN_2039 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2056 GBV_ILN_2057 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2065 GBV_ILN_2068 GBV_ILN_2088 GBV_ILN_2093 GBV_ILN_2106 GBV_ILN_2108 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2113 GBV_ILN_2118 GBV_ILN_2119 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2144 GBV_ILN_2147 GBV_ILN_2148 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2470 GBV_ILN_2472 GBV_ILN_2507 GBV_ILN_2522 GBV_ILN_2548 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4046 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4242 GBV_ILN_4246 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4335 GBV_ILN_4336 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4700 AR 31 2023 3 8 1068-1092 26 01 0206 4369595711 x1z 23-08-23 26 00 DE-206 This article investigates how the IMF WEO growth forecast revisions behave across different horizons and country groups. Our main findings suggest that (i) growth revisions in horizons closer to the actual are generally larger, more volatile, and more negative; (ii) on average, growth revisions are in the right direction, becoming progressively more responsive to forecast errors as horizons get closer to the actual year; (iii) growth revisions in systemic economies are relevant for growth revisions in all country groups; (iv) across vintages, revisions for a given time horizon are not autocorrelated; within vintages, they tend to be positively associated, suggesting a persistent perception of short-term shocks; and (v) professional growth revisions are highly correlated. |
allfieldsGer |
10.1111/roie.12653 doi (DE-627)1857658612 (DE-599)KXP1857658612 DE-627 ger DE-627 rda eng Hadzi-Vaskov, Metodij verfasserin (DE-588)1150540052 (DE-627)1010815318 (DE-576)497114658 aut What drives economic growth forecast revisions? Metodij Hadzi-Vaskov, Luca Antonio Ricci, Alejandro Mariano Werner, Rene Zamarripa 2023 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier economic forecasts (dpeaa)DE-206 forecast revisions (dpeaa)DE-206 growth forecasts (dpeaa)DE-206 WEO (dpeaa)DE-206 Ricci, Luca Antonio verfasserin (DE-588)171485939 (DE-627)061691860 (DE-576)132276569 aut Werner, Alejandro Mariano verfasserin aut Zamarripa, Rene verfasserin aut Enthalten in Review of international economics Oxford [u.a.] : Wiley-Blackwell, 1992 31(2023), 3 vom: Aug., Seite 1068-1092 Online-Ressource (DE-627)269018816 (DE-600)1473793-0 (DE-576)077662563 1467-9396 nnns volume:31 year:2023 number:3 month:08 pages:1068-1092 https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/roie.12653 Verlag lizenzpflichtig https://doi.org/10.1111/roie.12653 Resolving-System lizenzpflichtig GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_105 GBV_ILN_110 GBV_ILN_120 GBV_ILN_138 GBV_ILN_150 GBV_ILN_151 GBV_ILN_152 GBV_ILN_161 GBV_ILN_170 GBV_ILN_171 GBV_ILN_184 GBV_ILN_187 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_266 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_636 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2006 GBV_ILN_2007 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2031 GBV_ILN_2034 GBV_ILN_2037 GBV_ILN_2038 GBV_ILN_2039 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2056 GBV_ILN_2057 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2065 GBV_ILN_2068 GBV_ILN_2088 GBV_ILN_2093 GBV_ILN_2106 GBV_ILN_2108 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2113 GBV_ILN_2118 GBV_ILN_2119 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2144 GBV_ILN_2147 GBV_ILN_2148 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2470 GBV_ILN_2472 GBV_ILN_2507 GBV_ILN_2522 GBV_ILN_2548 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4046 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4242 GBV_ILN_4246 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4335 GBV_ILN_4336 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4700 AR 31 2023 3 8 1068-1092 26 01 0206 4369595711 x1z 23-08-23 26 00 DE-206 This article investigates how the IMF WEO growth forecast revisions behave across different horizons and country groups. Our main findings suggest that (i) growth revisions in horizons closer to the actual are generally larger, more volatile, and more negative; (ii) on average, growth revisions are in the right direction, becoming progressively more responsive to forecast errors as horizons get closer to the actual year; (iii) growth revisions in systemic economies are relevant for growth revisions in all country groups; (iv) across vintages, revisions for a given time horizon are not autocorrelated; within vintages, they tend to be positively associated, suggesting a persistent perception of short-term shocks; and (v) professional growth revisions are highly correlated. |
allfieldsSound |
10.1111/roie.12653 doi (DE-627)1857658612 (DE-599)KXP1857658612 DE-627 ger DE-627 rda eng Hadzi-Vaskov, Metodij verfasserin (DE-588)1150540052 (DE-627)1010815318 (DE-576)497114658 aut What drives economic growth forecast revisions? Metodij Hadzi-Vaskov, Luca Antonio Ricci, Alejandro Mariano Werner, Rene Zamarripa 2023 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier economic forecasts (dpeaa)DE-206 forecast revisions (dpeaa)DE-206 growth forecasts (dpeaa)DE-206 WEO (dpeaa)DE-206 Ricci, Luca Antonio verfasserin (DE-588)171485939 (DE-627)061691860 (DE-576)132276569 aut Werner, Alejandro Mariano verfasserin aut Zamarripa, Rene verfasserin aut Enthalten in Review of international economics Oxford [u.a.] : Wiley-Blackwell, 1992 31(2023), 3 vom: Aug., Seite 1068-1092 Online-Ressource (DE-627)269018816 (DE-600)1473793-0 (DE-576)077662563 1467-9396 nnns volume:31 year:2023 number:3 month:08 pages:1068-1092 https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/roie.12653 Verlag lizenzpflichtig https://doi.org/10.1111/roie.12653 Resolving-System lizenzpflichtig GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_105 GBV_ILN_110 GBV_ILN_120 GBV_ILN_138 GBV_ILN_150 GBV_ILN_151 GBV_ILN_152 GBV_ILN_161 GBV_ILN_170 GBV_ILN_171 GBV_ILN_184 GBV_ILN_187 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_266 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_636 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2006 GBV_ILN_2007 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2031 GBV_ILN_2034 GBV_ILN_2037 GBV_ILN_2038 GBV_ILN_2039 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2056 GBV_ILN_2057 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2065 GBV_ILN_2068 GBV_ILN_2088 GBV_ILN_2093 GBV_ILN_2106 GBV_ILN_2108 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2113 GBV_ILN_2118 GBV_ILN_2119 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2144 GBV_ILN_2147 GBV_ILN_2148 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2470 GBV_ILN_2472 GBV_ILN_2507 GBV_ILN_2522 GBV_ILN_2548 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4046 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4242 GBV_ILN_4246 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4335 GBV_ILN_4336 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4700 AR 31 2023 3 8 1068-1092 26 01 0206 4369595711 x1z 23-08-23 26 00 DE-206 This article investigates how the IMF WEO growth forecast revisions behave across different horizons and country groups. Our main findings suggest that (i) growth revisions in horizons closer to the actual are generally larger, more volatile, and more negative; (ii) on average, growth revisions are in the right direction, becoming progressively more responsive to forecast errors as horizons get closer to the actual year; (iii) growth revisions in systemic economies are relevant for growth revisions in all country groups; (iv) across vintages, revisions for a given time horizon are not autocorrelated; within vintages, they tend to be positively associated, suggesting a persistent perception of short-term shocks; and (v) professional growth revisions are highly correlated. |
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26 00 DE-206 This article investigates how the IMF WEO growth forecast revisions behave across different horizons and country groups. Our main findings suggest that (i) growth revisions in horizons closer to the actual are generally larger, more volatile, and more negative; (ii) on average, growth revisions are in the right direction, becoming progressively more responsive to forecast errors as horizons get closer to the actual year; (iii) growth revisions in systemic economies are relevant for growth revisions in all country groups; (iv) across vintages, revisions for a given time horizon are not autocorrelated; within vintages, they tend to be positively associated, suggesting a persistent perception of short-term shocks; and (v) professional growth revisions are highly correlated What drives economic growth forecast revisions? Metodij Hadzi-Vaskov, Luca Antonio Ricci, Alejandro Mariano Werner, Rene Zamarripa economic forecasts (dpeaa)DE-206 forecast revisions (dpeaa)DE-206 growth forecasts (dpeaa)DE-206 WEO (dpeaa)DE-206 |
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3 |
title_short |
What drives economic growth forecast revisions? |
url |
https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/roie.12653 https://doi.org/10.1111/roie.12653 |
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Ricci, Luca Antonio Werner, Alejandro Mariano Zamarripa, Rene |
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up_date |
2024-07-05T00:22:37.885Z |
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ind1=" " ind2=" "><subfield code="a">GBV_ILN_4322</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4323</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4324</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4325</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4326</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4333</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4334</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4335</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4336</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4338</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4393</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4700</subfield></datafield><datafield tag="951" ind1=" " ind2=" "><subfield code="a">AR</subfield></datafield><datafield tag="952" ind1=" " ind2=" "><subfield code="d">31</subfield><subfield code="j">2023</subfield><subfield code="e">3</subfield><subfield code="c">8</subfield><subfield code="h">1068-1092</subfield></datafield><datafield tag="980" ind1=" " ind2=" "><subfield code="2">26</subfield><subfield code="1">01</subfield><subfield code="x">0206</subfield><subfield code="b">4369595711</subfield><subfield code="y">x1z</subfield><subfield code="z">23-08-23</subfield></datafield><datafield tag="982" ind1=" " ind2=" "><subfield code="2">26</subfield><subfield code="1">00</subfield><subfield code="x">DE-206</subfield><subfield code="b">This article investigates how the IMF WEO growth forecast revisions behave across different horizons and country groups. Our main findings suggest that (i) growth revisions in horizons closer to the actual are generally larger, more volatile, and more negative; (ii) on average, growth revisions are in the right direction, becoming progressively more responsive to forecast errors as horizons get closer to the actual year; (iii) growth revisions in systemic economies are relevant for growth revisions in all country groups; (iv) across vintages, revisions for a given time horizon are not autocorrelated; within vintages, they tend to be positively associated, suggesting a persistent perception of short-term shocks; and (v) professional growth revisions are highly correlated.</subfield></datafield></record></collection>
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