Daily Archives: Wednesday, January 9, 2013

Treasurer wants policy to be driven by models that can’t beat a random walk

On Monday (January 7, 2012) – The culpability lies elsewhere … always! – I wrote about the unacceptably large forecasting errors from the IMF derived from models that informed their input into bailout packages etc, which in turn set the … Read the rest of this entry »

Posted in Economics | 15 Comments