An assessment of recent Reserve Bank forecasts
AbstractThe Reserve Bank's ability to produce good quality forecasts is critical for it to operate monetary policy in a forward-looking environment. As part of the Bank's regular review of its own forecasting performance, we compare the Reserve Bank's forecasts of key variables from the past three years against a benchmark of forecasts prepared by other forecasters. The results from this review suggest that the Bank's forecast performance over recent years has been at least comparable to the average of other forecasters. In the case of CPI inflation and 90-day interest rates, the Bank's forecasts performed slightly better than the average of other forecasters.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Reserve Bank of New Zealand in its journal Reserve Bank of New Zealand Bulletin.
Volume (Year): 69 (2006)
Issue (Month): (September)
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- repec:use:tkiwps:1205 is not listed on IDEAS
- Clemens J.M. Kool & Daniel L. Thornton, 2012.
"How effective is central bank forward guidance?,"
2012-063, Federal Reserve Bank of St. Louis.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Reserve Bank of New Zealand Knowledge Centre).
If references are entirely missing, you can add them using this form.