Korhonen, Iikka; Ritola, Maria - In: Asian Economic Papers 13 (2014) 1, pp. 131-154
In this paper we assess the rationality and goodness-of-fit of macroeconomic forecasts for 21 large emerging market countries during the past two decades. We find that in some countries forecasts have not been rational in the sense that they seem to have a systematic bias. We also find that for...
