Series: IMF Working Papers
Author(s): Juan Zalduendo , and Catia Batista
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2004
Keywords: Model estimation, forecasting, growth, inflation, statistic, terms of trade, inflation rates, Model Construction and Estimation, Forecasting and Other Model Applications, Economic Growth and Aggregate Productivity: General
Numerous reports have noted that the IMF's medium-term growth projections are overly optimistic, raising questions as to how these can be improved. To this end, we estimate a growth model and examine its out-of-sam...