Blinder, Alan S.; Ehrmann, Michael; Fratzscher, Marcel; … - 2008
Over the last two decades, communication has become an increasingly important aspect of monetary policy. These real … predictability of monetary policy decisions, and potentially to help achieve central banks' macroeconomic objectives. However, the …, Christina Romer and
David Romer (2000) provide statistical evidence that Federal Reserve staff forecasts of
inflation were far …