Difference between revisions of "Economic Cycle Research Institute"

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'''Economic Cycle Research Institute''' (ECRI) is a leading expert on business cycles. The ECRI has a history of taking a conservative approach relative to its forecasts rather than engage in speculation. For example, in 2010 when many forecasters were declaring that the United States was about to go into a recession, the ECRI did not concur with them.[http://globaleconomicanalysis.blogspot.com/2011/09/ecri-calls-recession-based-on-contagion.html]
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The '''[[Economy|Economic]] Cycle [[Research]] Institute''' (ECRI) is a leading expert on [[business]] cycles. The ECRI has a history of taking a [[conservative]] approach relative to its forecasts, rather than engage in speculation. For example, in 2010 when many forecasters were declaring that the United States was about to go into a [[recession]], the ECRI did not concur with them.[http://globaleconomicanalysis.blogspot.com/2011/09/ecri-calls-recession-based-on-contagion.html]
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== Commentary on their economic forecasting record ==
 
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The ''Economist'' magazine noted in 2005, “ECRI is perhaps the only organisation to give advance warning of each of the past three recessions; just as impressive, it has never issued a false alarm.”[http://www.businesscycle.com/aboutecri/approach]
 
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The [[International Monetary Fund]] wrote: “ECRI ‘has actually had a very stellar record’ in forecasting recessions.”[http://www.businesscycle.com/aboutecri/approach]
 
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== Blemish in their economic forecasting track record ==
 
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The ECRI did not declare that a recession had begun until March 2008, three months after it officially began in December 2007. Years later this became the focus of an online debate during the "double-dip" scare of mid-2010.
 
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[http://globaleconomicanalysis.blogspot.com/2011/09/ecri-calls-recession-based-on-contagion.html]
 
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[http://www.ritholtz.com/blog/2010/08/scientistic-fiction/]
 
  
 
== External links ==
 
== External links ==
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*[http://www.businesscycle.com/ Economic Cycle Research Institute]
  
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*[http://www.businesscycle.com/ Economic Cycle Research Institute]
 
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*[http://globaleconomicanalysis.blogspot.com/2011/09/ecri-calls-recession-based-on-contagion.html  Financial analyst Mike Shedlock's commentary of their forecasting abilities]
 
  
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[[Category: Economics]]
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[[Category:Economics]]
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[[Category: United States Businesses]]
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[[Category:United States Businesses]]
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[[Category: Economic Forecasting Organizations]]
 

Latest revision as of 11:52, July 13, 2016

The Economic Cycle Research Institute (ECRI) is a leading expert on business cycles. The ECRI has a history of taking a conservative approach relative to its forecasts, rather than engage in speculation. For example, in 2010 when many forecasters were declaring that the United States was about to go into a recession, the ECRI did not concur with them.[1]

External links