Series: IMF Working Papers
Author(s): Prakash Kannan , and Selim Elekdag
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2009
Keywords: Fan Chart, Balance of Risks, Option Prices, Consensus Forecasts, risk factors, survey, skewness, normal distribution, equation,
This paper develops a simple procedure for incorporating market-based information into the construction of fan charts. Using the International Monetary Fund (IMF)'s global growth forecast as a working example, the...