User:Vipul/Blue Chip Economic Indicators

'Blue Chip Economic Indicators is a monthly survey and associated publication by the Blue Chip Publications division of Aspen Publishers collecting macroeconomic forecasts related to the economy of the United States. The survey polls America's top business economists, collecting their forecasts of U.S. economic growth, inflation, interest rates, and a host of other critical indicators of future business activity. It has a sister publication called Blue Chip Financial Forecasts, which surveys forecasts of the future direction and level of U.S. interest rates.

History
Blue Chip Economic Indicators started in 1976.

Variables reported
The Blue Chip Economic Indicators survey provides forecasts for this year and next from each panel member, plus and average, or consensus, of their forecasts for each of these variables associated with the economy of the United States:


 * Real GDP
 * GDP price index
 * Nominal GDP
 * Consumer price index
 * Industrial production
 * Real disposable personal income
 * Real personal consumption expenditures
 * Real non-residential fixed investment
 * Pre-tax corporate profits
 * 3-month Treasury bill rate
 * 10-year Treasury note yield
 * Unemployment rate
 * Total housing starts
 * Auto and light truck sales
 * Real Net exports

Reception
Many papers in the academic literature on the accuracy of macroeconomic forecasts have used the Blue Chip Economic Indicators for a data set of forecasts whose accuracy is to be evaluated.

The Congressional Budget Office has also cited Blue Chip Economic Indicators data in some of its publications.

The results of the Blue Chip Economic Indicators have also been used to inform discussion in the financial press and blogs.

In March 2009, PolitiFact reported that a controversial statement made by Christina Romer based on Blue Chip Economic Indicators data had correctly cited the Blue Chip Economic Indicators.