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 …

on output over the full sample on average? 2) Are financial developments leading real activity? 3) Is there heterogeneity …

This paper examines heterogeneity in price stickiness using a large, original, set of individual price data collected …. The main findings are the following: i ) cross-product and cross-outlet-type heterogeneity in both the shape of the hazard …

The aim of this study is to assess empirically to what extent the degree of heterogeneity of consumers’ inflation …

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 …