The inability of forecasters to predict accurately the 1990-1991 recession emphasizes the need for better ways for charting the course of the economy. In this volume, leading economists examine forecasting techniques developed over the past ten years, compare their performance to traditional econometric models, and discuss new methods for forecasting and time series analysis.

About the Author

James H. Stock is the Harold Hitchings Burbank Professor of Political Economy at Harvard University, faculty member of the Harvard Kennedy School, and a research associate of the National Bureau of Economic Research.

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