Clements, Michael P. and Hendry, David F.. (2008) Economic forecasting in a changing world. Capitalism and Society, Vol.3 (No.2). Article 1. ISSN 1932-0213

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Abstract

This article explains the basis for a theory of economic forecasting developed over the past decade by the authors. The research has resulted in numerous articles in academic journals, two monographs, Forecasting Economic Time Series, 1998, Cambridge University Press, and Forecasting Nonstationary Economic Time Series, 1999, MIT Press, and three edited volumes, Understanding Economic Forecasts, 2001, MIT Press, A Companion to Economic Forecasting, 2002, Blackwells, and the Oxford Bulletin of Economics and Statistics, 2005. The aim here is to provide an accessible, non-technical, account of the main ideas. The interested reader is referred to the monographs for derivations, simulation evidence, and further empirical illustrations, which in turn reference the original articles and related material, and provide bibliographic perspective.

Item Type:	Journal Article
Subjects:	H Social Sciences > HB Economic Theory
Divisions:	Faculty of Social Sciences > Economics
Library of Congress Subject Headings (LCSH):	Economic forecasting -- Research, Economic forecasting -- Mathematical models, Economic forecasting -- Study and teaching, Economic forecasting -- Econometric models
Journal or Publication Title:	Capitalism and Society
Publisher:	Berkeley Electronic Press
ISSN:	1932-0213
Date:	July 2008
Volume:	Vol.3
Number:	No.2
Page Range:	Article 1
Identification Number:	10.2202/1932-0213.1039
Status:	Peer Reviewed
Access rights to Published version:	Open Access
Funder:	Economic and Social Research Council (Great Britain) (ESRC), Leverhulme Trust (LT)
Grant number:	R000233447 (ESRC), L116251015 (ESRC), L138251009 (ESRC), RES-051-27-0035 (ESRC)
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URI:	http://wrap.warwick.ac.uk/id/eprint/890

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