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 announces be traditionally verbalise as point estimates for one or some(prenominal) periods ahead. They are used extensively in industry and government. The advise of this physical composition is to compare and contrast macroeconomic forecasts disposed(p) by the following financial institutions. * copulationional calculate military post (CBO) * Office of the counselling and cipher (OMB) * Research Department - Federal backup marge of Philadelphia The following individual forecasts are compared: * Nominal bring in domestic product * Real GDP (Percentage Change) * GDP determine Index (Percentage Change) * Consumer Price Index (Percentage Change) * Unemployment regulate (Percent) * Three month treasury Bill Rate (Percent) * x Year Treasury Note Rate (Percent) II Forecasting Institutions sexual congressional Budget Office (CBO) The Congressional Budget and Impoundment Control ferment 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 mandatory for the Congressional budget offshoot.

CBO is the only part of the legislative process whose mandate includes making economic forecasts and projections. Its forecasts cover 18 to 24 months and involve the major(ip) economic variables--gross dom! estic product (GDP), unemployment, inflation, and rice beer rates. except 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 wear down force, productivity, and saving. In preparing its forecasts, CBO examines and analyzes recent economic developments and consults the major econometric models and mercenary economic forecasting services. It also relies on the advice of a differentiate panel of... If you want to get a full essay, army it on our website: OrderEssay.net

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