Add to ORKGAn important question for central banks is how they should report the uncertainty of their forecasts. This paper discusses a way in which a central bank could report the uncertainty of its forecasts in a world in which it used a single macroeconometric model to make its forecasts and guide its policies. Suggestions are then made as to what might be feasible for a central bank to report given that it is unlikely to be willing to commit to a single model. A particular model is used as an illustration
Uncertainty in applied macroeconomic policy analysis arises from three distinct sources. The first, ...
This paper addresses the issue of monetary policy transparency in a context of model uncertainty by ...
In this paper we examine the consequences of having a Central Bank whose preferences are state conti...
An important question for central banks is how they should report the uncertainty of their forecasts...
In January 2012 the Fed began reporting ranges of its economic forecasts. The ranges, however, measu...
in the Monetary Policy Process This is a paper on the way data relate to decisionmaking in central b...
Three sources – research on monetary policy under uncertainty, the managerial literature, and the re...
Central bank credibility is defined for the purposes of this thesis as the belief held by agents tha...
This thesis examines two closely related issues: (1) the ability of imperfect information models to ...
In this paper we examine the consequences of having a Central Bank whose preferences are state conti...
This paper focuses on the forecasting process at the Czech National Bank with an empha- sis on incor...
An increasing number of central banks manage market expectations via interest rate projections. Typi...
For some time now, structural macroeconomic models used at central banks have been predominantly New...
Central banks analyze economic data in order to uncover the dynamics of the economy and the interdep...
Using the minutes of decision-,making committee meetings we analyse how the Bank of England, the Cze...
Uncertainty in applied macroeconomic policy analysis arises from three distinct sources. The first, ...
This paper addresses the issue of monetary policy transparency in a context of model uncertainty by ...
In this paper we examine the consequences of having a Central Bank whose preferences are state conti...
An important question for central banks is how they should report the uncertainty of their forecasts...
In January 2012 the Fed began reporting ranges of its economic forecasts. The ranges, however, measu...
in the Monetary Policy Process This is a paper on the way data relate to decisionmaking in central b...
Three sources – research on monetary policy under uncertainty, the managerial literature, and the re...
Central bank credibility is defined for the purposes of this thesis as the belief held by agents tha...
This thesis examines two closely related issues: (1) the ability of imperfect information models to ...
In this paper we examine the consequences of having a Central Bank whose preferences are state conti...
This paper focuses on the forecasting process at the Czech National Bank with an empha- sis on incor...
An increasing number of central banks manage market expectations via interest rate projections. Typi...
For some time now, structural macroeconomic models used at central banks have been predominantly New...
Central banks analyze economic data in order to uncover the dynamics of the economy and the interdep...
Using the minutes of decision-,making committee meetings we analyse how the Bank of England, the Cze...
Uncertainty in applied macroeconomic policy analysis arises from three distinct sources. The first, ...
This paper addresses the issue of monetary policy transparency in a context of model uncertainty by ...
In this paper we examine the consequences of having a Central Bank whose preferences are state conti...