Macroeconomic forecasts: An empirical test of rationality and parameter stability

Applied Economics Letters

Volumn 7, Issue 1, 2000, Pages 49-52

  Ghosh, Dipak ^a   Dutt, Swarna D ^b  

^a EMPORIA STATE UNIVERSITY   (United States)

^b UNIVERSITY OF WEST GEORGIA   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0038461626     PISSN: 13504851     EISSN: None     Source Type: Journal    
DOI: 10.1080/135048500352095     Document Type: Article

References (9)

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2. Dutt, S. D. and Ghosh, A. D. (1996) GNP forecasts: How credible are they? A sequential test of consistency and rationality, Journal of Economics and Finance, 20 (2), 63-74.
3. Dutt, S. D. and Ghosh, D. (1997) On rationality of macroeconomic forecasts, The Southern Business and Economic Journal, 20 (4), 230-44.
4. Hansen, B. E. (1992) Tests for parameter instability in regressions with I(1) processes, Journal of Business and Economic Statistics, 10 (3), 321-35.
5. Holden, K., Peel, D. A. and Thompson, J. L. (1985) Expectations: Theory and Evidence, Macmillan, London.
6. Kwiatkowski, D., Phillips, P. C. B., Schmidt, P. and Shin, Y. (1992) Testing the null hypothesis of stationarity against the alternative of a unit root. Journal of Econometrics, 54, 159-78.
7. Lovell, M. C. (1986) Tests of rational expectations hypothesis, American Economic Review, 76, 110-24.
8. Phillips, P. C. B. and Hansen, B. (1990) Statistical inference in instrumental variables regressions with I(1) processes, Review of Economics Studies, 58, 407-36.
9. Zarnowitz, V. (1985) Rational expectations and macroeconomic forecasts, Journal of Business and Economic Statistics, 3, 293-311.