Evaluating FOMC forecast ranges: an interval data approach

Research, Preprint English OPEN
Henning Fischer; Marta García-Bárzana; Peter Tillmann; Peter Winker;
  • Publisher: Philipps University Marburg, Department of Business Administration & Economics Marburg
  • Subject: C53 | USA | Forecast evaluation, interval data, Federal Reserve, monetary policy | E37 | E58 | Prognoseverfahren | interval data | monetary policy | Forecast evaluation | Federal Reserve | Konjunkturprognose | Geldpolitik | Bewertung
    • jel: jel:C53 | jel:E58 | jel:E37
      ddc: ddc:330

The Federal Open Market Committee (FOMC) of the U.S. Federal Reserve publishes the range of members’ forecasts for key macroeconomic variables, but not the distribution of forecasts within this range. To evaluate these projections, previous papers compare the midpoint o... View more
  • References (34)
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