| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5061434 | Economics Letters | 2010 | 5 Pages |
Abstract
We show that systematic forecast errors reveal that the Fed is “surprised” by real and inflationary cycles. The Fed knows the state of the economy for the current quarter, but cannot predict it one-quarter ahead.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Tara M. Sinclair, Fred Joutz, H.O. Stekler,