Article in Journal
Economic activity 2004: Forecasting and reality
Wolfgang Nierhaus
ifo Institut für Wirtschaftsforschung, München, 2005
in: ifo Schnelldienst, 2005, 58, Nr. 03, 26-30
ifo Institut für Wirtschaftsforschung, München, 2005
in: ifo Schnelldienst, 2005, 58, Nr. 03, 26-30
For years the Ifo Institute has examined the accuracy of its own business cycle forecasts and discussed the reasons for the differences between forecasts and reality. In 2004 the business trend in Germany predicted by the Ifo Institute was basically accurate. As we expected, a slight upswing occurred that was not strong enough, however, to correct the situation on the labour market.
JEL Classification: E320
Included in
Journal (Complete Issue)
ifo Schnelldienst 03/2005
ifo Institut für Wirtschaftsforschung, München, 2005