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An evaluation of federal reserve forecasting: Comment

✍ Scribed by Frederick L. Joutz; H.O. Stekler

Book ID
114130620
Publisher
Elsevier Science
Year
1999
Tongue
English
Weight
361 KB
Volume
21
Category
Article
ISSN
0164-0704

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## Abstract The Federal Reserve Greenbook forecasts of real GDP, inflation and unemployment are analysed for the period 1974–1997. We consider whether these forecasts exhibit systematic bias, and whether efficient use is made of information, that is, whether revisions to these forecasts over time a