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Issue and Page Numbers: Volume 105, Issue 2 - March 1995

Article Title: 'Rationality and the Role of Judgement in Macroeconomic Forecasting' by Clements

File size: 37KB

Description of data:

The data are monthly 89:12 -- 95:5 (some observations are missing).
The mnemonics are to be interpreted as follows.
Fg91 is the series of actual fixed-event forecasts of output growth (g) in 1991.
Fy91 is the series of fixed-event forecasts of output (y) in 1991.
Fp91 is the series of fixed-event forecasts of inflation (p) in 1991.
F8g91 is the series of `mechanical' fixed-event forecasts of output growth (g) in 1991, where the previous eight (8) single equation errors are averaged.
F4g91 is the series of `mechanical' fixed-event forecasts of output growth (g) in 1991, where the previous four (4) single equation errors are averaged. And so on.

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