Economic Forecasting in a Changing World

20 Pages Posted: 30 Jan 2013

See all articles by Michael P. Clements

Michael P. Clements

University of Reading - Henley Business School

David F. Hendry

University of Oxford - Department of Economics

Date Written: January 30, 2013

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.

Comments on this paper can be found at: http://ssrn.com/abstract=2209189

Suggested Citation

Clements, Michael P. and Hendry, David F., Economic Forecasting in a Changing World (January 30, 2013). Capitalism and Society, Vol. 3, Issue 2, Article 1, 2008, Available at SSRN: https://ssrn.com/abstract=2209186

Michael P. Clements (Contact Author)

University of Reading - Henley Business School ( email )

Whiteknights
Reading, RG6 6BA
United Kingdom

David F. Hendry

University of Oxford - Department of Economics ( email )

Manor Road Building
Manor Road
Oxford, OX1 3BJ
United Kingdom
+44 1865 278544 (Phone)
+44 1865 278557 (Fax)

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
175
Abstract Views
1,008
rank
191,331
PlumX Metrics