Willows & Wind Vanes: Fixing Economics Forecasting

In the wake of my column proposing that central banks should hold open forecasting competitions - and particularly suggesting it for Bernanke's review of the Bank of England's forecasting, Gene Tunny and I discuss the issues in more detail and some of the reactions to the column appearing in the comments section. Kenneth Grahame and Wind in the Willows comes up. And why not? I think you’ll find it pretty interesting. If you'd like to watch the video, it's here. 00:00 Trailer 00:53 Proposal for Economic Forecasting 06:19 Comments & Criticisms 10:05 Modeling & Judgements 13:47 Feedback on Gene's Article 16:12 Museum Visit and Kenneth Graham 17:13 Closing Remarks If you'd like to watch the video version, find it here.