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Bank of England: ‘Serious deficiencies’ in economy forecasts, review finds

Pelican Press

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Bank of England: ‘Serious deficiencies’ in economy forecasts, review finds

Dr Bernanke’s review recommends the Bank must thoroughly update its whole framework for forecasting the economy, overhauling or scrapping its existing software, known as Compass (Central Organising Model for Projection Analysis and Scenario Simulation).





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