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On the loss structure of federal reserve forecasts of output growth

✍ Scribed by Hamid Baghestani

Book ID
120955712
Publisher
Springer US
Year
2012
Tongue
English
Weight
405 KB
Volume
38
Category
Article
ISSN
1055-0925

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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