Date of Original Version

7-1997

Type

Response or Comment

Abstract or Description

I expect Michael Darby invited me to participate knowing my views of forecasting, expressed eleven years ago in my Presidential address to this association. I mill summarize them in two sentences - FIRST (1) - Economics is not the science that provides accurate quarterly or annual forecasts of GDP, inflation or other macro variables SECOND (2) - There is no such science.

Comments

Western Economic Association meeting, July 1997

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