A defence of the FOMC

A defence of the FOMC

अन्य संस्करण दिखाएं (2)

We defend the forecasting performance of the FOMC from the recent criticism of Christina and David Romer. Our argument is that the FOMC forecasts a worst-case scenario that it uses to design decisions that will work well enough (are robust) despite possible misspecification of its model. Because t...

पूर्ण विवरण

ग्रंथसूची विवरण
मुख्य लेखकों:	Ellison, M, Sargent, T
स्वरूप:	Working paper
प्रकाशित:	University of Oxford 2009

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