Zenghelis, Dimitri (2017) ‘Hurricane Brexit’ – or why economists should admit they can’t always get it right. LSE Brexit (02 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/brexit/ |
| Additional Information: | © 2017 The Author(s) |
| Divisions: | Grantham Research Institute |
| Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HC Economic History and Conditions J Political Science > JC Political theory J Political Science > JN Political institutions (Europe) J Political Science > JN Political institutions (Europe) > JN101 Great Britain |
| Date Deposited: | 06 Apr 2017 14:31 |
| Last Modified: | 11 Dec 2024 15:36 |
| URI: | http://eprints.lse.ac.uk/id/eprint/72842 |
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