Zenghelis, Dimitri (2017) Both Brexit and the financial crisis highlight why economists should admit they can’t always get it right. British Politics and Policy at LSE (04 Mar 2017). Website.
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Abstract
The Bank of England’s chief economist recently said his profession was “to some degree in crisis” over its failure to predict the 2008 financial crash and – to a lesser extent – the apparent resilience of the UK economy after the Brexit vote. Dimitri Zenghelis looks at how economic forecasting works and explains that its models are not infallible. Economists should be honest about the limitations of their predictions.
| Item Type: | Online resource (Website) |
|---|---|
| Official URL: | http://blogs.lse.ac.uk/politicsandpolicy |
| Additional Information: | © 2017 The Author(s) CC BY-NC-ND 3.0 |
| Divisions: | LSE |
| Subjects: | J Political Science > JN Political institutions (Europe) J Political Science > JN Political institutions (Europe) > JN101 Great Britain J Political Science > JN Political institutions (Europe) > JN1187 Scotland |
| Date Deposited: | 22 Mar 2017 10:46 |
| Last Modified: | 14 Sep 2024 01:13 |
| URI: | http://eprints.lse.ac.uk/id/eprint/70067 |
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