First, let’s shoot all the forecasters

From today’s New York Times — “The record of failure to predict recessions is virtually unblemished,” wrote IMF economist Prakash Loungani in one of many papers demonstrating the near-universal truth that economists’ predictions are least accurate when they are most needed. Read the rest of the New York Times excerpt of this new book on the dismal record of economic forecasting by Dan Gardner.

Posted by at 1:41 PM

Labels: Forecasting Forum


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