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Diane Publishing Books
Transparency, Expectations, and Forecasts: A Reprint from the “Economic Review”
Andrew Bauer (au); Robert A. Eisenbeis (au); Daniel F. Waggoner (au); Tao Zha (au)
A central bank’s transparency about its objectives, economic outlook, & policy changes may affect the public’s views about future economic & financial conditions. In keeping with this theory, since 1994 the Fed. Open Market Comm. has gradually increased the transparency of its statements accompanying changes in the fed. funds rate target. This article investigates whether private agents’ ability to predict the economy’s direction has improved since 1994. The analysis focuses on forecasts of macroecon. variables such as inflation, gross domestic product growth, & unemployment & policy variables such as short-term interest rates. There is little evidence that transparent monetary policy enhances the public’s ability to predict bus. cycles. Tables.
History of the New York Central System
Order of Christian Funerals: The Roman Ritual: Study Edition (rev. ed.)
War of the Rebellion: Official Records of the Union & Confederate Armies: Series I, Volume I
Dynamic Nutrition for Maximum Performance: A Complete Nutritional Guide for Peak Sports Performance
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