Bullard, James Brian (contributor); … - 2004 - [Elektronische Ressource]
monetary policy framework. Inclusion of judgement in forecasts can lead to self-fulfilling fluctuations, but without the … might avoid unintended outcomes by adjusting policy to minimize the risk of exuberance equilibria"--Federal Reserve Bank of …"We study how the use of judgement or "add-factors" in macroeconomic forecasting may disturb the set of equilibrium …