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Federal Reserve and private forecasts of growth in investment

✍ Scribed by Hamid Baghestani


Book ID
116636276
Publisher
Elsevier Science
Year
2011
Tongue
English
Weight
476 KB
Volume
63
Category
Article
ISSN
0148-6195

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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