Gamber, Edward N.; Smith, Julie K.; Weiss, Matthew - Department of Economics, George Washington University - 2008
Moderation. We view the Great Moderation as a natural experiment. Using forecasts produced by the Survey of Professional … respond to the Great Moderation? 4) What are the potential benefits to monetary policymakers of smaller forecast errors? We …. Forecasters appeared to have narrowed the dispersion of their forecasts in response to the Great Moderation. Forecast accuracy did …