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Cover IMF Working Papers
Incorporating Market Information into the Construction of the Fan Chart
Mr. Prakash Kannan and Mr. Selim A Elekdag
This paper develops a simple procedure for incorporating market-based information into the construction of fan charts. Using the International Monetary Fund (IMF)'s global growth forecast as a working example, the paper goes through the theoretical and practical considerations of this new approach. The resulting spreadsheet, which implements the approach, is available upon request from the authors.
Keywords:
WP; normal distribution; density function