Monday, May 9, 2016

Doing economists' work, only better: interest rate edition

I thought I'd give an update of this comparison of the information equilibrium (IE) model (green) with the Blue Chip Economic Indicators forecast resulting from a median of 50 private sector economists (red). I kind of eyeballed the the BCEI graph, so click back for the original. It's so far off that there's no reason to be very precise. The IE model is spot on.



Update 13 October 2016


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Also, try to avoid the use of dollar signs as they interfere with my setup of mathjax. I left it set up that way because I think this is funny for an economics blog. You can use € or £ instead.