Using probit models of downturn risk to calibrate GDP Fan charts for New Zealand
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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Macroeconomic forecasters typically forecast fewer recessions than the number experienced, which means economic growth tends to be over-predicted on average. Consequently, forecast errors are not normally distributed, making it difficult to convey the uncertainty and risks based on the historical forecast track record. To characterise this risk,...



