Sinclair, Tara; Stekler, H. O.; Kitzinger, L. - In: Applied Economics 42 (2010) 18, pp. 2289-2297
Many studies have undertaken separate analyses of the Fed's forecasts of real Gross Domestic Product (GDP) growth and inflation. This article presents a method for jointly evaluating the direction of change predictions of these variables. We conclude that some of the inflation forecasts,...