Discussion Paper

Forecasts of Economic Activity in the Great Recession


Abstract: Forecasts by the Board staff for economic activity during the Great Recession proved to be overly optimistic on some dimensions, such as GDP, and yet were appropriately pessimistic on other dimensions, such as the GDP gap (the deviation of GDP from potential output).

https://doi.org/10.17016/2380-7172.1518

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Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2015-05-01

Number: 2015-05-01

Order Number: 2015-05-01