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- Title
Understanding the MPC's forecast performance since mid-2010.
- Authors
Hackworth, Christopher; Radia, Amar; Roberts, Nyssa
- Abstract
The article focuses on the macroeconomic performance of forecasts by the Bank of England's Monetary Policy Committee (MPC) in Great Britain since the mid of 2010. It informs that the forecasts did not perform well in the last few years. Topics discussed include decline in the growth of gross domestic product (GDP) and rise in inflation rate, increase in energy costs, and comparison of the MPC's forecasting performance with external forecasters.
- Subjects
UNITED Kingdom; ECONOMIC forecasting; BANK of England. Monetary Policy Committee; GROSS domestic product; PRICE inflation; ENERGY industries; ENERGY industry forecasting
- Publication
Bank of England Quarterly Bulletin, 2013, Vol 53, Issue 4, p336
- ISSN
0005-5166
- Publication type
Article