Gavin, William T. (contributor); … - 2002 - [Elektronische Ressource],rev
least as good
as those of the private sector and the Fed staff. The FOMC inflation forecasts were more
accurate than the … inflation forecasts.
KEYWORDS: Federal Reserve, Forecast Evaluation, Monetary Policy
JEL CLASSIFICATION: E37, E52
William T … comments.
1
1. Introduction
For the 15 years leading up to 1979, U.S. inflation accelerated and became more
uncertain. Since …