Chiu, Adrian; Wieladek, Tomasz - 2013
Based on the decline in real GDP growth, many economists now believe that the 'Great Recession', the output contraction … during the 'Great Recession' is really so different from the past. We use a GDP weighted average of, as well as a dynamic …-Zarnowitz (1969) forecast efficiency regression to predict the revision to G-7 real GDP growth during the 'Great Recession', based on …