{"id":106956,"date":"2024-01-22T15:03:35","date_gmt":"2024-01-22T14:03:35","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/106956\/"},"modified":"2026-02-17T16:28:54","modified_gmt":"2026-02-17T15:28:54","slug":"evaluation-of-macro-economic-forecasts-for-austria-in-the-1980s-and-1990s","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/106956\/","title":{"rendered":"Evaluation of Macro-economic Forecasts for Austria in the 1980s and 1990s"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-106956","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"This paper presents an evaluation of the forecasts of WIFO, the Institute for Advanced Studies (IHS) and the OECD for the Austrian economy for three key macro-economic variables for the period 1983-1999. As to the projections of growth and inflation in terms of accuracy no significant differences have emerged between the three institutions, while the prospects for unemployment are more precisely assessed by the two domestic institutes. Compared with previous studies, forecasting errors exhibit a slight downward trend. The forecasts by WIFO, IHS and the OECD are largely unbiased and efficient, and \u2013 with the exception of the unemployment rate forecast by the OECD \u2013 clearly superior to \"na\u00efve\" forecasting strategies.","onlinedate":"2003-02-06 12:00:00","lang":"English","publication_series":"","publication_date":"20021201","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Evaluation of Macro-economic Forecasts for Austria in the 1980s and 1990s\"]","jelcodes":"[]","related_publications":"[]","pdf":441105,"zip":null,"link":"https:\/\/www.wifo.ac.at\/wwa\/pubid\/23471","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"7","monthly_report_pages":"191-206","monthly_report_pages_sort":"191","issue":"4","journal":"Austrian Economic Quarterly","publisher":"","invisible":false,"external":false,"embargo_date":"2003-02-06 12:00:00","types":[183747],"research_groups":[3500],"collaboration":"","persons":[3530],"persons_data":"[{\"personId\":3530,\"personName\":\"Josef Baumgartner\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - 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