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The National Institute's Forecasts of Inflation, 1964-82

Published online by Cambridge University Press:  26 March 2020

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Extract

A recent issue contained an analysis of the accuracy of the National Institute's forecasts of GDP over the period since the inception of the Review in 1959. This note reports on the application of the same analysis to forecasts of inflation.

Type
Articles
Information
National Institute Economic Review , Volume 107 , February 1984 , pp. 47 - 49
Copyright
Copyright © 1984 National Institute of Economic and Social Research

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References

note 1 in page 47 ‘The assessment of the National Institute's forecasts of GDP, 1959-82’, National Institute Economic Review, no. 105, August 1983.

note 1 in page 48 For an account of this concept see Theil, H., ‘Applied Economic Forecasting’, North-Holland, 1966. The same analysis was applied to Treasury forecasts of inflation by Britton, Andrew and Campbell, Angela, ‘Treasury forecasts, outturns and policy adjustments’, Government Economic Service Working Paper, no. 58.