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On the accuracy of Federal Reserve forecasts of the budget deficit-output ratio

✍ Scribed by Baghestani, Hamid


Book ID
127064901
Publisher
Taylor and Francis Group
Year
2010
Tongue
English
Weight
105 KB
Volume
17
Category
Article
ISSN
1350-4851

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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