Macroeconomics forecasting

Macroeconomics Forecast Table of Contents I. INTRODUCTION / PURPOSE: 3 II FORECASTING INSTITUTIONS 4 III COMPARE macroeconomic FORECASTS 5 IV transcription RECOMMENDATIONS / CONCLUSION 8 V REFERENCES 9 I. Introduction / Purpose: Macroeconomic bets be traditionally verbalise as point estimates for one or several(prenominal) periods ahead. They are used extensively in industry and government. The procedure of this physical composition is to compare and contrast macroeconomic forecasts wide-awake by the following financial institutions. * copulationional calculate way (CBO) * Office of the counselling and reckon (OMB) * Research Department - Federal moderate marge of Philadelphia The following individual forecasts are compared: * Nominal gross domestic product * Real GDP (Percentage Change) * GDP equipment casualty Index (Percentage Change) * Consumer Price Index (Percentage Change) * Un employment regulate (Percent) * Three calendar month treasury Bill Rate (Percent) * x Year Treasury Note Rate (Percent) II Forecasting Institutions copulationional Budget Office (CBO) The Congressional Budget and Impoundment Control slam dance of 1974 created the Congressional Budget Office (CBO). CBOs mission is to provide the Congress with the objective, timely, nonpartisan analyses needed for economic and budget decisions and with the information and estimates positive for the Congressional budget mathematical process.

CBO is the only part of the legislative process whose mandate includes making economic forecasts and projections. Its forecasts cover 18 to 2! 4 months and involve the major(ip) economic variables--gross domestic product (GDP), unemployment, inflation, and rice beer rates. throw out projections are extended out to 10 old age. CBO does non attempt to forecast cyclical fluctuations in the economy more than than two years ahead; its longer-term projections are based on trends in the take force, productivity, and saving. In preparing its forecasts, CBO examines and analyzes recent economic developments and consults the major econometric models and commercial-grade economic forecasting services. It also relies on the advice of a distinguished panel of... If you want to get a full essay, send it on our website: BestEssayCheap.com

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