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Record W855539968

The U.S. EconomySlow, Albeit Improving

2014· article· de· W855539968 on OpenAlexaboutno aff
Jamal Nahavandi

Bibliographic record

Venue˜The œjournal of business forecasting · 2014
Typearticle
Languagede
FieldEconomics, Econometrics and Finance
TopicEconomic Theory and Policy
Canadian institutionsnot available
Fundersnot available
KeywordsUnemploymentAtlantaEconomicsEconomyFinanceGeographyEconomic growth
DOInot available

Abstract

fetched live from OpenAlex

PARTICIPANTS I Beacon Economics = Los Angeles, California; Conf. Board = Conference Board, New York, New York; Fannie Mae = Fannie Mae, Washington, D.C.; IFIS= IFIS Global Insight, Eddystone, Pennsylvania; GSU - EFC = Georgia State University, Economic Forecasting Center, Atlanta, Georgia; Moody's Economy = Moody's Economy.com, Westchester, Pennsylvania; Mortgage = Mortgage Bankers Association, Washington, D.C.; NAM = National Association of Manufacturers, Washington, D.C.; Northern Tr = Northern Trust Company, Chicago, Illinois; Perryman Gp = The Perryman Group, Waco, Texas; Royal Bank of Canada, Toronto, Ontario, Canada; SP UBS = UBS Bank, Salt Lake City, Utah; US Bank = U.S. Bank, Minneapolis, Minnesota; US Chamber = U.S. Chamber of Commerce, Washington, D.C.; Wells Fargo = Wells Fargo Bank, San Francisco, California.The year 2014 will not be remembered for dramatic improvement in output and employment. Rather, there has been a continuation of the prior five years of gradual steady growth. Concern over the U. S. economy backsliding has subsided. There are some risks in both domestic and international financial markets, but they seem unlikely to derail the expansion at this time, according to Ray Perryman of Perryman Group. Consensus is projecting GDP to grow at the rate of 2.4% during the consensus period. Job gains in better paying jobs are expected to boost employment and real income, which are critical for continued economic expansion, provided the harsh winter of 2013-2014 is not repeated.CONSUMERSConsensus expects to remain cautious for several reasons. Unemployment is expected to remain close to 6%. Large numbers of discouraged workers have left the market, although there are many who are back in school for learning new skills. Consensus data reported here show a declining PCE/PDI ratio despite gradual improvement in employment numbers as well as historically low interest rates on savings. Therefore, growth in demand will remain steady, but not too strong to trigger inflation, which is the concern of the Fed.FIRMSUnemployment is expected to hit the 6% mark. Gradual growth rate in employment and income, combined with stable wages, have created optimism for firms as reflected in Non-Residential Fixed Investment. Consensus expects nonresidential capital investment to grow at the rate of 4.7% during the consensus period, which is almost double the rate of the expected GDP growth. Long-term unemployment has made workers cautious about asking for wage hikes that contributed to wage stability. …

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How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.008
metaresearch head score (Gemma)0.001
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesMeta-epidemiology (narrow)
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Not applicable · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.751
Threshold uncertainty score1.000

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0080.001
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0010.000
Bibliometrics0.0000.000
Science and technology studies0.0010.000
Scholarly communication0.0010.001
Open science0.0010.000
Research integrity0.0000.001
Insufficient payload (model declined to judge)0.0000.001

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.027
GPT teacher head0.201
Teacher spread0.174 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

Study designNot applicable
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2014
Admission routes1
Has abstractyes

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