Dreher, Axel; Marchesi, Silvia; Vreeland, James Raymond - CESifo - 2007
economic forecasts. We find a systematic bias in growth and inflation forecasts. Our results indicate that countries voting in … line with the US in the UN General Assembly receive lower inflation forecasts. As the US is the Fund’s major shareholder …, this result supports the hypothesis that the Fund’s forecasts are not purely based on economic considerations. We further …