Most macroeconomic data are uncertain—they are estimates rather than perfect measures of underlying economic variables. One symptom of that uncertainty is the propensity of statistical agencies to revise their estimates in the light of new information or methodological advances. This paper...

Most macroeconomic data are uncertain—they are estimates rather than perfect measures of underlying economic variables. One symptom of that uncertainty is the propensity of statistical agencies to revise their estimates in the light of new information or methodological advances. This paper...

The Bank of England has constructed a 'suite of statistical forecasting models' (the 'Suite') providing judgement-free statistical forecasts of inflation and output growth as inputs into the forecasting process, and to offer measures of relevant news in the data. The Suite focuses on combining...