Heilemann, Ullrich; Stekler, Herman O. - Department of Economics, George Washington University - 2010
This paper asks whether the accuracy of German macroeconomic forecasts has improved over time. We examine one-year-ahead forecasts of rates of real GDP growth and inflation for the years 1967 to 2010 by three major German forecasters and the OECD. We find that overall error levels are high but...