Economics Benchmarks 2022 – presentation
Economics specialist Daniel Hinge discusses year-on-year trends, forecasting choices and research
With three years of economics benchmarking data available, some trends and regularities stand out from the data.
There appears to have been a movement towards ‘mixed’ departmental structures, with policy-focused economists working alongside their research-focused colleagues. Semi-structural models remain the top choice for preparing headline forecasts. There may also be some evidence of a move to create centralised data teams to support economists with their work.
Forecast errors have come
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