Without a doubt, Professor Sir David Hendry (University of Oxford) is one of the giants of econometrics. He's a wonderful speaker and champion of our profession, as you can see in this video, titled "Can Economists Forecast Crashes?"
Enjoy!
© 2013, David E. Giles
There is a way to forecast crashes. Here is a link...
ReplyDeleteLook up the post called, "True Potential Real GDP - looking at previous recessions" at the effective demand blog.