question is whether such rules-of-thumb should draw on policymakers' forecasts of key variables such as inflation and … proposition in the context of FOMC policy decisions over the past 20 years using publicly available FOMC projections from the … biannual monetary policy reports to the Congress (Humphrey-Hawkins reports). Our results indicate that FOMC decisions can …

question is whether such rules-of-thumb should draw on policymakers’ forecasts of key variables such as inflation and … context of FOMC policy decisions over the past 20 years using publicly available FOMC projections from the biannual monetary … policy reports to the Congress (Humphrey-Hawkins reports). Our results indicate that FOMC decisions can indeed be …

question is whether such rules-of-thumb should draw on policymakers' forecasts of key variables such as inflation and … proposition in the context of FOMC policy decisions over the past 20 years using publicly available FOMC projections from the … biannual monetary policy reports to the Congress (Humphrey-Hawkins reports). Our results indicate that FOMC decisions can …

question is whether such rules-of-thumb should draw on policymakers' forecasts of key variables such as inflation and … proposition in the context of FOMC policy decisions over the past 20 years using publicly available FOMC projections from the … biannual monetary policy reports to the Congress (Humphrey-Hawkins reports). Our results indicate that FOMC decisions can …

Policymakers at the Federal Open Market Committee (FOMC) publish macroeconomic forecasts since 1979. Some studies find …. In this paper, we examine the value of publishing these FOMC forecasts in two steps. We assess whether they influence … private forecasts and whether they may be considered as a policy instrument. We provide original evidence that FOMC forecasts …

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 …

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 …