Bullard, James B.; Evans, George W.; Honkapohja, Seppo - Federal Reserve Bank of St. Louis - 2004
). Recently, some au-
thors have argued that economic theory needs to take explicit account of the
effects of judgement on the ….S. economic growth in the early to
mid-1990s. As they discuss, the headwinds add-factor was used to adjust
forecasts over a period … intrinsically related to economic funda-
mentals at all. Thus our results come from a situation where the forecasting
judgement …