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judgement and a range of formal approaches. The latter include structural models which are strongly influenced by basic …. The emphasis on particular methodologies has evolved over time but in all cases judgement has played a central role. …
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practitioner judgement as well as the existing information engineering-based approach at its core. Such an additional strand to …
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With the increasing attention to how monetary policy is communicated has come a focus on the scope for diverse messages to arise from the committee making the decisions. While the existing literature sees the source of such diversity in relation to a 'correct' decision based on one 'true' model,...
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We study how the use of judgement or add-factors in macroeconomic forecasting may disturb the set of equilibrium …
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