Forecasts of Economic Activity in the Great Recession

Claudia Sahm

No 2015-05-01, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: Forecasts by the Board staff for economic activity during the Great Recession proved to be overly optimistic on some dimensions, such as GDP, and yet were appropriately pessimistic on other dimensions, such as the GDP gap (the deviation of GDP from potential output).

Date: 2015-05-01
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2015-05-01

DOI: 10.17016/2380-7172.1518

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