Papers on "Economic Forecasting" and similar term paper topics

Paper #060903 :: Economic Forecasting
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Examines how various agencies use economic indicators to provide forecasts.

Written in 2005; 2,858 words; 10 sources; APA; $ 84.95

Paper Summary:

The economic health of the United States is measured by a variety of institutions that assign value to a number of indicators in an effort to judge and predict future activity. The paper explains that the U.S. Administration, the Mortgage Banker's Association and the Congressional Budget Office all compile data to project macroeconomic concepts such as real GDP, inflation rate, unemployment, 10-year T-notes, and 30 year fixed mortgage rates. The paper shows that economists and other professional forecasters use a number of techniques to make projections for the economy and the labor market, including reliance on equations and regressions using the relevant variables to help them forecast the future.

From the Paper:

"The forecasters see little reason to change their projections for inflation or unemployment. Measured by the fourth-quarter over fourth-quarter rate of change in the consumer price index, inflation is expected to average 2.3 percent in 2005, up just a bit from the previous estimate of 2.2 percent, and hold steady at 2.3 percent in 2006. Year-over-year growth in the GDP price index will average 2.0 percent in 2005, and rise to 2.1 percent next year. The forecasters see the unemployment rate averaging 5.2 percent this year, just a bit below their previous estimate of 5.3 percent, and falling in 2006, to an annual average of 5.0 percent."

Tags: CBO TRIA taxation inflation

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