Baghestani, Hamid - In: Applied Economics Letters 20 (2013) 18, pp. 1651-1655
This study investigates the unbiasedness and efficiency of the Federal Reserve forecasts of the saving rate for two distinct periods. For 1984--1997, when the saving rate was relatively stable, the forecasts are generally unbiased and efficient. For 1998--2007, when the saving rate experienced...