macroeconomic indicators. Applying ex-post and real-time data for the postwar period, we provide evidence that nonborrowed reserves …

We propose a method for indentifying discretionary fiscal policy with real time data. The starting point is the …

information available to policymakers at the time of fiscal planning. In particular, real-time data on the discretionary fiscal … of fiscal policy. When fiscal policy rules are estimated on real-time data, our results indicate a counter … data, which point to fiscal policy acyclicality or pro-cyclicality, and with Forni and Momigliano (2005) who employ real-time …

real time data used in the paper. I also wish to thank Heather Ryckman and Jane Boyko of the Bank of Canada Archives for … Affair, monetary policy stance, Taylor rules, real-time data. 1 1. Introduction The Coyne Affair arguably represents … Canada’s policies throughout Coyne’s tenure as Governor. I construct a real-time data set for the US and Canada and find …

forecast accuracy and precision. The novelty of our study relies on the interpretation of the vintages of a real time data base … models to predict inflation and GDP growth, in the three dimensions of accuracy, uncertainty and stability by using the real-time … data set for macroeconomists developed at the Federal Reserve Bank of Philadelphia. Instead of following the common …

real-time data available to UK policymakers at the time, we demonstrate that the in-sample predictive content of broad …