IDEAS home Printed from https://ideas.repec.org/a/fip/fedcec/y1991ijan1.html
   My bibliography  Save this article

Forecast accuracy and monetary policy

Author

Listed:
  • Michael F. Bryan
  • William T. Gavin

Abstract

An examination of GNP forecasts and their implications for monetary policy, showing that although such forecasts have lessened uncertainty about the economy's future course, the errors are still too large to justify basing monetary policy on the near-term GNP outlook alone.

Suggested Citation

  • Michael F. Bryan & William T. Gavin, 1991. "Forecast accuracy and monetary policy," Economic Commentary, Federal Reserve Bank of Cleveland, issue Jan.
  • Handle: RePEc:fip:fedcec:y:1991:i:jan1
    as

    Download full text from publisher

    File URL: https://fraser.stlouisfed.org/scribd/?item_id=495458&filepath=/docs/historical/frbclev/econcomm/econcomm_19910101.pdf#scribd-open
    File Function: Full text
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jones, Adam T. & Ogden, Richard E., 2017. "A day late and a dollar short: The effect of policy uncertainty on fed forecast errors," Economic Analysis and Policy, Elsevier, vol. 54(C), pages 112-122.

    More about this item

    Keywords

    Forecasting; Monetary policy;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedcec:y:1991:i:jan1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: 4D Library (email available below). General contact details of provider: https://edirc.repec.org/data/frbclus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.