An important question for central banks is how they should report the uncertainty of their forecasts. This paper … discusses a way in which a central bank could report the uncertainty of its forecasts in a world in which it used a single …

An important question for central banks is how they should report the uncertainty of their forecasts. This paper … discusses a way in which a central bank could report the uncertainty of its forecasts in a world in which it used a single …

An important question for central banks is how they should report the uncertainty of their forecasts. This paper … discusses a way in which a central bank could report the uncertainty of its forecasts in a world in which it used a single …

of financial uncertainty over the period 1969-2008. We find evidence in favor of a systematic response to financial … uncertainty over and above that to expected inflation, output gap, and output growth. However, this evidence regards the Greenspan …

We propose a new method of estimating economic uncertainty, using dispersions of forecasts of a wide range of financial …-frequency state-space model, we construct ex-ante macroeconomic uncertainty estimates of the one-year ahead expected state of the … economy. Impulse responses show uncertainty shocks lead to a contraction in economic activity, and monetary policy expansion …

of financial uncertainty over the period 1969-2008. We find evidence in favor of a systematic response to financial … uncertainty over and above that to expected inflation, output gap, and output growth. However, this evidence regards the Greenspan …