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An evaluation of the predictions of the Federal Reserve

โœ Scribed by Fred Joutz; H.O. Stekler


Book ID
114175136
Publisher
Elsevier Science
Year
2000
Tongue
English
Weight
261 KB
Volume
16
Category
Article
ISSN
0169-2070

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An evaluation of the forecasts of the fe
โœ Michael P. Clements; Fred Joutz; Herman O. Stekler ๐Ÿ“‚ Article ๐Ÿ“… 2007 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 145 KB

## Abstract The Federal Reserve Greenbook forecasts of real GDP, inflation and unemployment are analysed for the period 1974โ€“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