to obtain better elasticity measures, and to better characterize their accuracy. Our results show much heterogeneity in … the estimates of the elasticity of substitution across industrial sectors. This, in turn, points to heterogeneity across …

study the implications of heterogeneity in forecasts of the central bank and private agents for the performance of interest …

typical estimations. In this paper, we show how heterogeneity in pricing behavior is relevant to both questions. We detail the … data, can be fully attributable to a heterogeneity bias. JEL Classification: C10, C22, E31, E52 …

The paper shows that there is a substantial degree of heterogeneity in forecast accuracy among Fed watchers. Based on a … basis points between the best and worst-performers across the sample. This heterogeneity is found to be related to both the … anticipating monetary policy. Moreover, systematic forecaster heterogeneity is economically important as it leads to greater …

This paper studies optimal monetary policy responses in an economy featuring sectorial heterogeneity in the frequency …

involving multiple central banking traditions. How does this heterogeneity affect the ability of economic agents to understand … banking in the past. In large part this heterogeneity can be traced to differences in forecasting models. While some …

The paper analyses the heterogeneity in the link between macroeconomic fundamentals and exchange rates. For a set of … exchange rate configurations over the past 25 years. Despite a significant decline over time, this heterogeneity remains high … effective US dollar exchange rate. The paper finds that this heterogeneity is not only due to policy choices of inflexible …