Economic masochism
If economic forecasting is a fool’s game, forecasting in the Coronavirus world is plain masochistic.
Thoughts on economic uncertainty in forecasting
Uncertainty is a hot topic in economics. This is perhaps no surprise. The economic forecasting profession lost a lot of credibility following the Financial Crisis. So the idea what economists would want to subtly remind their audience that they are not soothsayers with divine foresight is entirely rational – and economists love rationality. There are…
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