Macroeconomic forecasting: Science or voodoo?

Abstract

Macroeconomics has an important role to play in understanding the forces at work in the world today, and how they can be harnessed to meet national as well as industrial economic goals. Mr. Smith sorts out popular macroeconomic theories into schools, explains their forecasting limitations, and highlights a few public issues where the media and policymakers tend to want answers instead of forecasts.

Citation

Arthur Smith, A. (1985), "Macroeconomic forecasting: Science or voodoo?", Planning Review, Vol. 13 No. 3, pp. 26-30. https://doi.org/10.1108/eb054102