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Revisiting the Greenbook's relative forecasting performance
Hubert, Paul - Sciences économiques, Sciences Po - 2015
macroeconomic forecasts of the Federal Reserve. This paper empirically reviews the existing results by comparing the different …
Persistent link: https://www.econbiz.de/10011262904
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The influence and policy signaling role of FOMC forecasts
Hubert, Paul - Centre de recherche en Économie (OFCE), Sciences … - 2013
Policymakers at the Federal Open Market Committee (FOMC) publish forecasts since 1979. We examine the effects of … publishing FOMC inflation forecasts in two steps using a structural VAR model. We assess whether they influence private inflation … policy decisions? We provide original evidence that FOMC inflation forecasts are able to influence private ones. We also find …
Persistent link: https://www.econbiz.de/10010656026
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The influence and policy signaling role of FOMC forecasts
Hubert, Paul - Centre de recherche en Économie (OFCE), Sciences … - 2013
Policymakers at the Federal Open Market Committee (FOMC) publish forecasts since 1979. We examine the effects of … publishing FOMC inflation forecasts in two steps using a structural VAR model. We assess whether they influence private inflation … policy decisions? We provide original evidence that FOMC inflation forecasts are able to influence private ones. We also find …
Persistent link: https://www.econbiz.de/10010614861
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Revisiting the greenbook's relative forecasting performance
Hubert, Paul - Sciences économiques, Sciences Po - 2014
macroeconomic forecasts of the Federal Reserve. This paper empirically reviews the existing results by comparing the different …
Persistent link: https://www.econbiz.de/10011158553
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Estimating the Smoothing Parameter in the So-Called Hodrick-Prescott Filter
Schlicht, Ekkehart - Institute for the Study of Labor (IZA) - 2004
This note gives a fairly complete statistical description of the Hodrick-Prescott Filter (1997) which has been proposed in the context of my seasonal adjustment method (Schlicht 1981, 1984). A statistics estimator for the smoothing parameter is proposed that is asymptotically equivalent to the...
Persistent link: https://www.econbiz.de/10005703010