Economics at your fingertips  

Evaluating the Reserve Bank’s forecasting performance

Geordie Reid
Additional contact information
Geordie Reid: Reserve Bank of New Zealand,

Reserve Bank of New Zealand Bulletin, 2016, vol. 79, 1-14

Abstract: Reviews of forecast performance help to update the forecaster’s understanding of economic relationships and evaluate risks to the current outlook. This article compares the accuracy of the forecasts prepared for the Reserve Bank’s quarterly Monetary Policy Statement with that of forecasts obtained from a suite of statistical models. It also examines whether the pattern of forecast errors has changed following the Global Financial Crisis.

Date: 2016
References: Add references at CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link) ... 016/2016aug79-13.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

More articles in Reserve Bank of New Zealand Bulletin from Reserve Bank of New Zealand Contact information at EDIRC.
Series data maintained by Reserve Bank of New Zealand Knowledge Centre ().

Page updated 2017-09-29
Handle: RePEc:nzb:nzbbul:aug2016:13