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The Resource FOMC Forecasts: Is All the Information in the Central Tendency?

FOMC Forecasts: Is All the Information in the Central Tendency?

Label
FOMC Forecasts: Is All the Information in the Central Tendency?
Title
FOMC Forecasts: Is All the Information in the Central Tendency?
Creator
Author
Contributor
Subject
Summary
Federal Reserve policymakers began reporting their economic forecasts to Congress in 1979. These forecasts are important because they indicate what the Federal Open Market Committee members think will be the likely consequence of their policies. The Fed reports both the range (high and low) of the individual policymakers' forecasts and a truncated central tendency. The central tendency range omits outliers from both the top and the bottom of the full range. The author of this article finds, generally, that the forecasts derived from the full range are at least as good as those derived from the central tendency and, in a few cases, significantly better
http://library.link/vocab/creatorName
  • Gavin, William T
  • Inter-university Consortium for Political and Social Research [distributor]
Label
FOMC Forecasts: Is All the Information in the Central Tendency?
Instantiates
Publication
Note
1287
Control code
ICPSR01287.v1
Governing access note
Access restricted to subscribing institutions
Label
FOMC Forecasts: Is All the Information in the Central Tendency?
Publication
Note
1287
Control code
ICPSR01287.v1
Governing access note
Access restricted to subscribing institutions

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