Gamber, Edward N.; Liebner, Jeffrey P.; Smith, Julie K. - In: Journal of Policy Modeling 37 (2015) 1, pp. 47-64
This paper investigates the cross-sectional distribution of inflation forecasts errors over the period 1984–2007. Our working hypothesis is that the Fed's movement toward greater transparency starting in the mid-1990s likely affected both the distribution of forecast errors and the location of...
