Forecasting for monetary policy
Fuente:
arXiv
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| Auteur principal: | |
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| Format: | Preprint |
| Publié: |
2025
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| _version_ | 1866910001335894016 |
|---|---|
| author | Coroneo, Laura |
| author_facet | Coroneo, Laura |
| contents | This paper discusses three key themes in forecasting for monetary policy highlighted in the Bernanke (2024) review: the challenges in economic forecasting, the conditional nature of central bank forecasts, and the importance of forecast evaluation. In addition, a formal evaluation of the Bank of England's inflation forecasts indicates that, despite the large forecast errors in recent years, they were still accurate relative to common benchmarks. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2501_07386 |
| institution | arXiv |
| publishDate | 2025 |
| record_format | arxiv |
| spellingShingle | Forecasting for monetary policy Coroneo, Laura Econometrics This paper discusses three key themes in forecasting for monetary policy highlighted in the Bernanke (2024) review: the challenges in economic forecasting, the conditional nature of central bank forecasts, and the importance of forecast evaluation. In addition, a formal evaluation of the Bank of England's inflation forecasts indicates that, despite the large forecast errors in recent years, they were still accurate relative to common benchmarks. |
| title | Forecasting for monetary policy |
| topic | Econometrics |
| url | https://arxiv.org/abs/2501.07386 |