EconPapers    
Economics at your fingertips  
 

How Should the Fed Report Uncertainty?

Ray C. Fair ()
Additional contact information
Ray C. Fair: Cowles Foundation, Yale University, http://economics.yale.edu/people/ray-c-fair

No 1864, Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University

Abstract: In January 2012 the Fed began reporting ranges of its economic forecasts. The ranges, however, measure differences of opinion, not variances of economic forecasts. This paper discusses what the Fed could report in a world in which it used a single macroeconometric model to make its forecasts and guide its policies. Suggestions are then made as to what might be feasible for the Fed to report given that it is unlikely to be willing to commit to a single model.

Keywords: Forecasting uncertainty; Fed policy (search for similar items in EconPapers)
JEL-codes: E58 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-for and nep-mon
Date: 2012-06
References: View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://cowles.yale.edu/sites/default/files/files/pub/d18/d1864.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:cwl:cwldpp:1864

Ordering information: This working paper can be ordered from
Cowles Foundation, Yale University, Box 208281, New Haven, CT 06520-8281 USA
The price is None.

Access Statistics for this paper

More papers in Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University Yale University, Box 208281, New Haven, CT 06520-8281 USA. Contact information at EDIRC.
Bibliographic data for series maintained by Matthew Regan ().

 
Page updated 2018-06-21
Handle: RePEc:cwl:cwldpp:1864