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Forecasting Session

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journal contribution
posted on 01.09.1993, 00:00 by Allan MeltzerAllan Meltzer

I expect Michael Darby invited me to participate knowing my views of forecasting, expressed eleven years ago in my Presidential address to this association. I mill summarize them in two sentences - FIRST (1) - Economics is not the science that provides accurate quarterly or annual forecasts of GDP, inflation or other macro variables SECOND (2) - There is no such science.




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