Gamber, Edward N.; Smith, Julie K.; Weiss, Matthew A. - In: Journal of Economics and Business 63 (2011) 4, pp. 278-289
This paper investigates the change in private sector and Federal Reserve forecasts before and during the Great Moderation. We view the Great Moderation as a natural experiment. Using forecasts produced by the Survey of Professional Forecasters and the Federal Reserve (Greenbook forecasts) we...
