Macroeconomics forecasting

Macroeconomics Forecast Table of Contents I. INTRODUCTION / PURPOSE: 3 II FORECASTING INSTITUTIONS 4 III COMPARE macroeconomic FORECASTS 5 IV transcription RECOMMENDATIONS / CONCLUSION 8 V REFERENCES 9 I. Introduction / Purpose: Macroeconomic reckons be traditionally verbalise as point estimates for one or some(prenominal) periods ahead. They are used extensively in industry and government. The goal of this physical composition is to compare and contrast macroeconomic forecasts on the watch by the following financial institutions. * copulationional calculate moorage (CBO) * Office of the counselling and work out (OMB) * Research Department - Federal harbour marge of Philadelphia The following individual forecasts are compared: * Nominal realize domestic product * Real GDP (Percentage Change) * GDP bell Index (Percentage Change) * Consumer Price Index (Percentage Change) * Unemployme nt regulate (Percent) * Three calendar month treasury Bill Rate (Percent) * x Year Treasury Note Rate (Percent) II Forecasting Institutions social intercourseional Budget Office (CBO) The Congressional Budget and Impoundment Control offset of 1974 created the Congressional Budget Office (CBO). CBOs mission is to provide the Congress with the objective, timely, nonpartisan analyses needed for economic and budget decisions and with the information and estimates peremptory for the Congressional budget process.

CBO is the only part of the legislative process whose mandate includes making economic forecasts and projections. Its forecasts cover 18 to 24 months and involve the major(ip) economic variables--gross dome! stic product (GDP), unemployment, inflation, and rice beer rates. supercharge projections are extended out to 10 old age. CBO does non attempt to forecast cyclical fluctuations in the economy more than than two years ahead; its longer-term projections are based on trends in the boil force, productivity, and saving. In preparing its forecasts, CBO examines and analyzes recent economic developments and consults the major econometric models and mercenary economic forecasting services. It also relies on the advice of a imposing panel of... If you want to get a full essay, severalise it on our website: OrderEssay.net

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