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Geography or skills: what explains Fed Wachters' forecast accuracy of US monetary policy?

Berger, Helge; Ehrmann, Michael; Fratzscher, Marcel - 2008

The paper shows that there is a substantial degree of heterogeneity in the ability of Fed watchers to forecast US monetary policy decisions. Based on a novel database for 268 professional forecasters since 1999, the average forecast error of FOMC decisions varies 5 to 10 basis points between the...

Persistent link: https://www.econbiz.de/10010299141

Geography or skills: What explains Fed watchers’ forecast accuracy of US monetary policy?

Berger, Helge; Ehrmann, Michael; Fratzscher, Marcel - 2006

The paper shows that there is a substantial degree of heterogeneity in forecast accuracy among Fed watchers. Based on a novel database for 268 professional forecasters since 1999, the average forecast error of FOMC decisions varies 5 to 10 basis points between the best and worst-performers...

Persistent link: https://www.econbiz.de/10011604741

Describing the Fed's conduct with Taylor rules : is interest rate smoothing important?

Castelnuovo, Efrem - 2003

Persistent link: https://www.econbiz.de/10013434567

Central Bank boards around the world: Why does membership size differ?

Berger, Helge; Nitsch, Volker; Lybek, Tonny - 2008

This paper analyzes empirically differences in the size of central bank boards (or monetary policy committees) across … new dataset that covers the de jure membership size of 84 central bank boards at the end of 2003. We find that larger and …

Persistent link: https://www.econbiz.de/10010299135

Too many cooks? Committees in monetary policy

Berger, Helge; Nitsch, Volker - 2008

How many people should decide about monetary policy? In this paper, we take an empirical perspective on this issue, analyzing the relationship between the number of monetary policy decisionmakers and monetary policy outcomes. Using a new data set that characterizes Monetary Policy Committees...

Persistent link: https://www.econbiz.de/10010299138

Monetary policy in the media

Berger, Helge; Ehrmann, Michael; Fratzscher, Marcel - 2006

Media coverage of monetary policy actions is a central channel of a central bank’s communication with the wider public …

Persistent link: https://www.econbiz.de/10011604725

Central bank boards around the world: why does membership size differ?

Berger, Helge; Nitsch, Volker; Lybek, Tonny - 2007

This paper analyzes empirically differences in the size of central bank boards across countries. Defining a board as … 84 central bank boards at the end of 2003. We find that larger and more heterogeneous countries, countries with stronger …

Persistent link: https://www.econbiz.de/10010264057

Too many cooks?: committees in monetary policy

Berger, Helge; Nitsch, Volker - 2008

How many people should decide about monetary policy? In this paper, we take an empirical perspective on this issue, analyzing the relationship between the number of monetary policy decision-makers and monetary policy outcomes. Using a new data set that characterizes Monetary Policy Committees...

Persistent link: https://www.econbiz.de/10010264342

Too many cooks? Committees in monetary policy

Berger, Helge; Nitsch, Volker - 2008

How many people should decide about monetary policy? In this paper, we take an empirical perspective on this issue, analyzing the relationship between the number of monetary policy decision-makers and monetary policy outcomes. Using a new data set that characterizes Monetary Policy Committees...

Persistent link: https://www.econbiz.de/10010277737

Too many cooks? : committees in monetary policy

Berger, Helge (contributor); Nitsch, Volker (contributor) - 2008

. -- central bank design ; monetary policy committee ; central bank board ; central bank council ; governance ; inflation …

Persistent link: https://www.econbiz.de/10003767748