Autori: Österholm, Pär , Beechey, Meredith
Titolo: Central Bank Forecasts of Policy Interest Rates: An Evaluation of the First Years
Periodico: Economic notes
Anno: 2014 - Volume: 43 - Fascicolo: 1 - Pagina iniziale: 63 - Pagina finale: 78

In recent years, the central banks of Norway and Sweden have published their endogenous policy interest-rate forecasts. In this paper, we evaluate those forecasts alongside policy-rate expectations inferred from market pricing. We find that for both economies, there are only small differences in relative forecasting precision between the central bank and market-implied measures. However, both types of forecast fail tests for unbiasedness and efficiency at longer horizons.


Premi sulle icone a fianco dei nomi per visualizzare i libri scritti dall'autore

---

---

SICI: 0391-5026(2014)43:1<63:CBFOPI>2.0.ZU;2-5

Esportazione dati in Refworks (solo per utenti abilitati)

Biblioteche ACNP che possiedono il periodico