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Monday, July 30, 2018

Fixed Income | Seed Wealth Management
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Blue Chip Economic Indicators is a monthly survey and associated publication by the Blue Chip Publications division of Aspen Publishers collecting macroeconomic forecasts related to the economy of the United States. The survey polls America's top business economists, collecting their forecasts of U.S. economic growth, inflation, interest rates, and a host of other critical indicators of future business activity. It has a sister publication called Blue Chip Financial Forecasts, which surveys forecasts of the future direction and level of U.S. interest rates.


Video Blue Chip Economic Indicators



History

Blue Chip Economic Indicators started in 1976.


Maps Blue Chip Economic Indicators



Variables reported

The Blue Chip Economic Indicators survey provides forecasts for this year and next from each panel member, plus and average, or consensus, of their forecasts for each of these variables associated with the economy of the United States:

  • Real GDP
  • GDP price index
  • Nominal GDP
  • Consumer price index
  • Industrial production
  • Real disposable personal income
  • Real personal consumption expenditures
  • Real non-residential fixed investment
  • Pre-tax corporate profits
  • 3-month Treasury bill rate
  • 10-year Treasury note yield
  • Unemployment rate
  • Total housing starts
  • Auto and light truck sales
  • Real Net exports

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Reception

Academic reception

Many papers in the academic literature on the accuracy of macroeconomic forecasts have used the Blue Chip Economic Indicators for a data set of forecasts whose accuracy is to be evaluated. A paper by Laster, Bennett, and geoum (1999) made a theoretical argument for how rational forecasters with identical information and incentives may still come up with divergent forecasts to maximize their probability of winning, and used the Blue chip Economic Indicators data to provide evidence supportive of their model. The paper noted: "The publisher of Blue Chip Economic Indicators, a monthly newsletter compiling dozens of professional economic forecasts, holds an annual dinner at which the most accurate forecaster for the previous year is honored. The winning forecaster is also identified in later issues of the newsletter."

The Congressional Budget Office has also cited Blue Chip Economic Indicators data in some of its publications.

Reception in the financial press and blogs

The results of the Blue Chip Economic Indicators have also been used to inform discussion in the financial press and blogs, including Forbes and Barron's.

In March 2009, PolitiFact reported that a controversial statement made by Christina Romer based on Blue Chip Economic Indicators data had correctly cited the Blue Chip Economic Indicators.


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See also

  • Economic forecasting
  • Greenbook
  • Western Blue Chip Economic Forecast
  • Survey of Professional Forecasters
  • ECB Survey of Professional Forecasters
  • Consensus Economics
  • Livingston Survey

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References


The Economy is Great Except for One Problem : The Real Estate Guys ...
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External links

  • Official website

Source of article : Wikipedia