Ragnar Nymoen hits the target
Professor in Economics Ragnar Nymoen has won the prize for the best forecast about the Norwegian macroeconomy in 2012 together with professor Gunnar Bårdsen at NTNU.
Nymoen and Bårdsen’s model based macroeconomic forecasts hit the target about the development of the Norwegian economy in 2012.
In comparison to the other forecasters who participated in the competition, their forecasts were only based on model calculations. It is the Norwegian Association of Economists which awards the prize.
Nymoen and Bårdsen’s Norwegian Aggregate Model “NAM” is a model that gives forecasts for the main macroeconomic variables of the Norwegian economy.