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.
Uncomfortable Collisions with Reality