We examine the behavior of forecasts for real GDP growth using a large panel of individual forecasts from 30 advanced and emerging economies during 1989–2010. Our main findings are as follows. First, our evidence does not support the validity of the sticky information model (Mankiw and...

We develop a semi-structural new-Keynesian open-economy model, with separate food and non-food inflation dynamics, for forecasting and monetary policy analysis in low-income countries and apply it to Kenya. We use the model to run several policy-relevant exercises. First, we filter international...

The Economic Outlook and Long-Term Growth> New Jersey Economic Leadership Forum, New Jersey Bankers Association, January 11, 2013, Somerset, New Jersey

Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia 34th Annual Economic Seminar, sponsored by the Simon School of Business with JPMorgan Chase & Co. and the Rochester Business Alliance, January 15, 2013, Rochester, NY Note: President...

Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia. ; Global Interdependence Center's Fifth Annual Rocky Mountain Economic Summit, Jackson Hole, WY

Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia to the Greater Johnstown Cambria County Chamber of Commerce, Johnstown, PA ; President Charles I. Plosser provides his economic outlook and views on monetary policy. He discusses the...

Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia, SNS (Center for Business and Policy Studies) and SIFR (The Institute for Financial Research), Stockholm, Sweden

January 10, 2013. Presentation. "The Fed's New Regime and the 2013 Outlook." Wisconsin Economic Forecast Luncheon, Wisconsin Bankers Association. Madison, Wisconsin.

This paper investigates the relation between growth forecast errors and planned fiscal consolidation during the crisis. We find that, in advanced economies, stronger planned fiscal consolidation has been associated with lower growth than expected, with the relation being particularly strong,...