A 2014 International Monetary Fund (IMF) report examined the world economies? 2007-09 financial crises to establish their causes and impacts, as well as the initiatives governments and central banks undertook to deal with them. Roy Batchelor, Foresight?s Financial Forecasting Editor, expands on the IMF volume to glean the implications for our forecasting models and how they need to adapt to changing reality. In his accompanying commentary, Jeff Mishlove takes issue with Roy?s critique of the IMF?s expansionist policy prescriptions, pointing out the macroeconomic success of these initiatives in the U.S. relative to the doldrums in the EU economies. Copyright International Institute of Forecasters, 2015
