Forecast accuracy and monetary policy

An examination of GNP forecasts and their implications for monetary policy, showing that although such forecasts have lessened uncertainty about the economy's future course, the errors are still too large to justify basing monetary policy on the near-term GNP outlook alone.

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Year of publication:	1991
Authors:	Bryan, Michael F. ; Gavin, William T.
Published in:	Economic Commentary. - Federal Reserve Bank of Cleveland. - 1991, Jan, 1
Publisher:	Federal Reserve Bank of Cleveland
Subject:	Monetary policy \| Forecasting

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005512815