Too Sunny In Latin America? The IMF’s Overly Optimistic Growth Projections and Their Consequences
Publication Date: September 2003
Publisher(s): Center for Economic and Policy Research
Keywords: Tax revenues; National debt; Unemployment rate
This paper examines the track record of the IMF’s growth projections for Latin America over the last two decades and its implication for policy. It finds that these projections are biased upward and suggests that policy makers adjust for this bias when making projections.