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Review of Treasury’s Macroeconomic Forecasting Capabilities

In late 2015 the Secretary to the Treasury requested a review be undertaken of Treasury’s macroeconomic forecasting methodology. The review was undertaken by Warren Tease to assess the processes and tools that Treasury relies upon and to examine whether Treasury’s approach is in line with the best practice used in fiscal agencies and central banks in other advanced economies.

Treasury has responded and accepts all the recommendations made in the Review.