An evaluation of federal reserve forecasting Academic Article uri icon

abstract

  • This paper examines the accuracy, reliability and efficiency of U.S. Federal Reserve System green book forecasts, which form the basis for policy discussions at the Federal Open Market Committee meetings. Poor forecasting combined with activist policy making could well result in poor policy performance. We find evidence that some of the Fed's forecasts can be improved, and we investigate some explicit modifications intended to improve on the Fed forecasts.

published proceedings

  • JOURNAL OF MACROECONOMICS

author list (cited authors)

  • Jansen, D. W., & Kishan, R. P.

citation count

  • 16

complete list of authors

  • Jansen, DW||Kishan, RP

publication date

  • January 1, 1996 11:11 AM