Rudebusch, Glenn D.; Williams, John C. - Federal Reserve Bank of San Francisco - 2007
data are not revised and are
available immediately, forecasters would have knowledge of the spread in the prior quarter …, forecasters either did not know about the
predictive power of the yield curve or failed to use this knowledge e ectively in the … knowledge of the particular decision-
making context in which the forecasts are being used. For example, given the uncertain …