Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/120831
Authors: 
Alessi, Lucia
Ghysels, Eric
Onorante, Luca
Peach, Richard
Potter, Simon
Year of Publication: 
2014
Series/Report no.: 
Staff Report, Federal Reserve Bank of New York 680
Abstract: 
This paper documents macroeconomic forecasting during the global financial crisis by two key central banks: the European Central Bank and the Federal Reserve Bank of New York. The paper is the result of a collaborative effort between the two institutions, allowing us to study the time-stamped forecasts as they were made throughout the crisis. The analysis does not focus exclusively on point forecast performance. It also examines density forecasts, as well as methodological contributions, including how financial market data could have been incorporated into the forecasting process.
Subjects: 
macro forecasting
financial crisis
JEL: 
B41
E32
G01
N20
Document Type: 
Working Paper

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