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The yield curve shows how the yield on a government bond depends on the bond's maturity. Monetary policymakers and observers pay special attention to the shape of the yield curve as an indicator of the economic impact of current and future monetary policy. Without the proper analytical tools,...
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expected in real-time situations. This fact is particularly relevant if a forecasting model's performance is to be compared …
Persistent link: https://www.econbiz.de/10005361088
forecasting? ; The author first discusses the definition of turning points and describes different approaches to turning point … forecasting, along with their relative advantages and disadvantages. Next, the article assesses the performance of the Atlanta Fed … Bayesian vector autoregression (BVAR) model in terms of forecasting turning points relative to a well-known alternative, the …
Persistent link: https://www.econbiz.de/10005361145
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While most empirical analysis of prediction markets treats prices of binary options as predictions of the probability of future events, Manski (2004) has recently argued that there is little existing theory supporting this practice. We provide relevant analytic foundations, describing sufficient...
Persistent link: https://www.econbiz.de/10005361501
prove to be valuable tools in forecasting, decisionmaking and risk management--in both the public and private sectors. This …
Persistent link: https://www.econbiz.de/10005361516
pattern that is consistent with Hicks' composite-good theorem and that may be used for forecasting. To determine whether one …
Persistent link: https://www.econbiz.de/10005368144
This paper provides an introduction to predictable forecast uncertainty in empirical economic modelling. The sources of both predictable and unpredictable forecast uncertainty are categorized. Key features of predictable forecast uncertainty are illustrated by several analytical models,...
Persistent link: https://www.econbiz.de/10005368311
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forecasting and the analysis of macroeconomic policy issues at the Board. The FRB/US model replaces the MPS model, which, with …
Persistent link: https://www.econbiz.de/10005380461