Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/43370
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dc.contributor.authorD'Agostino, Antonelloen_US
dc.contributor.authorWhelan, Karlen_US
dc.date.accessioned2010-12-16T13:36:00Z-
dc.date.available2010-12-16T13:36:00Z-
dc.date.issued2007en_US
dc.identifier.pihdl:10197/964-
dc.identifier.urihttp://hdl.handle.net/10419/43370-
dc.description.abstractUsing data from the period 1970-1991, Romer and Romer (2000) showed that Federal Reserve forecasts of inflation and output were superior to those provided by commercial forecasters. In this paper, we show that this superior forecasting performance deteriorated after 1991. Over the decade 1992-2001, the superior forecast accuracy of the Fed held only over a very short time horizon and was limited to its forecasts of inflation. In addition, the performance of both the Fed and the commercial forecasters in predicting inflation and output, relative to that of 'naive' benchmark models, dropped remarkably during this period.en_US
dc.language.isoengen_US
dc.relation.ispartofseries|aWorking Paper Series, UCD Centre for Economic Research |x07/22en_US
dc.subject.ddc330en_US
dc.subject.stwWirtschaftsprognoseen_US
dc.subject.stwInflationsrateen_US
dc.subject.stwGesamtwirtschaftliche Produktionen_US
dc.subject.stwZentralbanken_US
dc.subject.stwWirtschaftsforschungsinstituten_US
dc.subject.stwUSAen_US
dc.titleFederal reserve information during the great moderationen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn557451310en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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