Forecasting in times of crisis. CPB-forecasts during the great recession
We conclude that due to the character of macroeconomic short-term forecasts, it is most unlikely that CPB and other forecasting institutes will be able to forecast the next financial crisis adequately.
The options for really improving the accuracy of the forecasts are limited. Forecasters of short-term macroeconomic developments who claim the opposite, promise too much, users who claim the opposite, demand too much.
This publication is in Dutch.