to i) forecast horizon; ii) whether the individual is a Federal Reserve Bank president, governor, and/or Vice Chairman …

's view to forecast FOMC forecasts. Specifically, monetary policy is forward looking and, in its pursuit of transparency, it …

"Greenbooks'") overpredicted quarterly real gross domestic product (GDP) growth depends on both the forecast horizon and also …

(underpredict) inflation at intermediate forecast horizons when inflation is below (above) target. The magnitude of the bias is …

(underpredict) inflation at intermediate forecast horizons when inflation is below (above) target. The magnitude of the bias is …

time-varying. Prespecified regressions of forecast errors on forecast revisions show that the staff's GDP forecast errors … correlate with its GDP forecast revisions, particularly for forecasts made more than two weeks from the start of a FOMC meeting …

Previous studies show the Fed has a forecast advantage over the private sector, either because it devotes more … the Fed’s forecast advantage to determine how much of it results from the Fed’s knowledge of the conditioning path. We … the Fed’s average mean squared forecast error and the private sector’s can be explained by monetary policy …

country- and variable-specific effects of central bank transparency on forecast accuracy and their dispersion among a large … set of professional forecasts of financial and macroeconomic variables. More communication even increases forecast errors …