Central bank macroeconomic forecasting during the global financial crisis: the European Central Bank and Federal Reserve Bank of New York experiences

Luca Onorante, Lucia Alessi, Eric Ghysels, Simon Potter and Richard Peach (richardwpeach@yahoo.com)

No 1688, Working Paper Series from European Central Bank

Abstract: This paper documents macroeconomic forecasting during the global financial crisis by two key central banks: the European Central Bank and the Federal Reserve Bank of New York. The paper is the result of a collaborative effort between staff at the two institutions, allowing us to study the time-stamped forecasts as they were made throughout the crisis. The analysis does not exclusively focuses on point forecast performance. It also examines methodological contributions, including how financial market data could have been incorporated into the forecasting process. JEL Classification: C53, E37

Keywords: forecast evaluation; mixed frequency data sampling (search for similar items in EconPapers)
Date: 2014-07
New Economics Papers: this item is included in nep-cba, nep-eec, nep-mac and nep-mon
Note: 412615
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (83)

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Related works:
Journal Article: Central Bank Macroeconomic Forecasting During the Global Financial Crisis: The European Central Bank and Federal Reserve Bank of New York Experiences (2014)
Working Paper: Central bank macroeconomic forecasting during the global financial crisis: the European Central Bank and Federal Reserve Bank of New York experiences (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbwps:20141688

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