Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/114611
Authors: 
Simionescu, Mihaela
Year of Publication: 
2014
Citation: 
[Journal:] International Journal of Economic Sciences and Applied Research [ISSN:] 1791-3373 [Volume:] 7 [Year:] 2014 [Issue:] 2 [Pages:] 129-137
Abstract: 
The main objective of this study is to assess the usefulness and rationality of the inflation and unemployment rate forecasts made for Romanian by three experts in forecasting: F1, F2 and F3. All the unemployment rate forecasts over the horizon 2001-2013 provided by all experts do not provide valuable information for future decisional process. According to Pesaran-Timmermann test, the directional forecasts of F3 and the autumn expectations of F2 are useful and rational.
Subjects: 
forecasts
directional accuracy
inflation rate
unemployment rate
JEL: 
C52
C53
E27
E37
Document Type: 
Article

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