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The Past, Present, and Future of Macroeconomic Forecasting Francis X. Diebold The Journal of Economic Perspectives, Vol. 12, No. 2. (Spring, 1998), pp. 175-192. Stable URL: http://links.jstor.org/sici?sici=0895-3309%28199821%2912%3A2%3C175%3ATPPAFO%3E2.0.CO%3B2-L The Journal of Economic Perspectives is currently published by American Economic Association. Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/about/terms.html. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at http://www.jstor.org/journals/aea.html. Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission. The JSTOR Archive is a trusted digital repository providing for long-term preservation and access to leading academic journals and scholarly literature from around the world. The Archive is supported by libraries, scholarly societies, publishers, and foundations. It is an initiative of JSTOR, a not-for-profit organization with a mission to help the scholarly community take advantage of advances in technology. For more information regarding JSTOR, please contact [email protected]. http://www.jstor.org Fri Feb 22 11:11:27 2008

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Page 1: The Past, Present, and Future of Macroeconomic … · ... and Future of Macroeconomic Forecasting ... Rational Expectations and the Theory of Price Movements John F. Muth ... "Rational"

The Past, Present, and Future of Macroeconomic Forecasting

Francis X. Diebold

The Journal of Economic Perspectives, Vol. 12, No. 2. (Spring, 1998), pp. 175-192.

Stable URL:

http://links.jstor.org/sici?sici=0895-3309%28199821%2912%3A2%3C175%3ATPPAFO%3E2.0.CO%3B2-L

The Journal of Economic Perspectives is currently published by American Economic Association.

Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available athttp://www.jstor.org/about/terms.html. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtainedprior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content inthe JSTOR archive only for your personal, non-commercial use.

Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained athttp://www.jstor.org/journals/aea.html.

Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printedpage of such transmission.

The JSTOR Archive is a trusted digital repository providing for long-term preservation and access to leading academicjournals and scholarly literature from around the world. The Archive is supported by libraries, scholarly societies, publishers,and foundations. It is an initiative of JSTOR, a not-for-profit organization with a mission to help the scholarly community takeadvantage of advances in technology. For more information regarding JSTOR, please contact [email protected].

http://www.jstor.orgFri Feb 22 11:11:27 2008

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The Past, Present, and Future of Macroeconomic ForecastingFrancis X. DieboldThe Journal of Economic Perspectives, Vol. 12, No. 2. (Spring, 1998), pp. 175-192.Stable URL:

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This article references the following linked citations. If you are trying to access articles from anoff-campus location, you may be required to first logon via your library web site to access JSTOR. Pleasevisit your library's website or contact a librarian to learn about options for remote access to JSTOR.

[Footnotes]

9 An Equilibrium Model of the Business Cycle with Household Production and Fiscal PolicyEllen R. McGrattan; Richard Rogerson; Randall WrightInternational Economic Review, Vol. 38, No. 2. (May, 1997), pp. 267-290.Stable URL:

http://links.jstor.org/sici?sici=0020-6598%28199705%2938%3A2%3C267%3AAEMOTB%3E2.0.CO%3B2-C

10 The Empirical Foundations of CalibrationLars Peter Hansen; James J. HeckmanThe Journal of Economic Perspectives, Vol. 10, No. 1. (Winter, 1996), pp. 87-104.Stable URL:

http://links.jstor.org/sici?sici=0895-3309%28199624%2910%3A1%3C87%3ATEFOC%3E2.0.CO%3B2-K

10 The Computational Experiment: An Econometric ToolFinn E. Kydland; Edward C. PrescottThe Journal of Economic Perspectives, Vol. 10, No. 1. (Winter, 1996), pp. 69-85.Stable URL:

http://links.jstor.org/sici?sici=0895-3309%28199624%2910%3A1%3C69%3ATCEAET%3E2.0.CO%3B2-M

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Business Cycle Turning Points, a New Coincident Index, and Tests of Duration DependenceBased on a Dynamic Factor Model with Regime SwitchingChang-Jin Kim; Charles R. NelsonThe Review of Economics and Statistics, Vol. 80, No. 2. (May, 1998), pp. 188-201.Stable URL:

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The Computational Experiment: An Econometric ToolFinn E. Kydland; Edward C. PrescottThe Journal of Economic Perspectives, Vol. 10, No. 1. (Winter, 1996), pp. 69-85.Stable URL:

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