An assessment of recent Reserve Bank forecasts

Jane Turner
Additional contact information
Jane Turner: Reserve Bank of New Zealand

Reserve Bank of New Zealand Bulletin, 2006, vol. 69, No 3, 6p

Abstract: The Reserve Bank's ability to produce good quality forecasts is critical for it to operate monetary policy in a forward-looking environment. As part of the Bank's regular review of its own forecasting performance, we compare the Reserve Bank's forecasts of key variables from the past three years against a benchmark of forecasts prepared by other forecasters. The results from this review suggest that the Bank's forecast performance over recent years has been at least comparable to the average of other forecasters. In the case of CPI inflation and 90-day interest rates, the Bank's forecasts performed slightly better than the average of other forecasters.

Date: 2006
References: Add references at CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://www.rbnz.govt.nz/-/media/ReserveBank/Files/ ... 006sep69-3turner.pdf (application/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: https://EconPapers.repec.org/RePEc:nzb:nzbbul:september2006:4

Access Statistics for this article

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