کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5052676 | 1476481 | 2017 | 11 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
A day late and a dollar short: The effect of policy uncertainty on fed forecast errors
ترجمه فارسی عنوان
یک روز دیر و یک دلار کوتاه: اثر عدم اطمینان سیاست بر خطاهای پیش بینی شده تغذیه
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
چکیده انگلیسی
Policy makers at the Federal Reserve must make decisions on less than perfect information. To the extent their forecasts are incorrect, policy decisions will also be incorrect. Unfortunately, economic forecasters have a relatively poor record and have not improved as much as one would hope. The research presented in this paper examines one potential source of forecast improvement, economic policy uncertainty. Modeling emotional responses of economic agents to uncertainty is difficult but the inclusion of a policy uncertainty variable could reduce forecast errors of the FOMC's consensus forecast by as much as 20%.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economic Analysis and Policy - Volume 54, June 2017, Pages 112-122
Journal: Economic Analysis and Policy - Volume 54, June 2017, Pages 112-122
نویسندگان
Adam T. Jones, Richard E. Ogden,