Journal Article
Forecast accuracy and monetary policy
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.
Keywords: Forecasting; Monetary policy;
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Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Economic Commentary
Publication Date: 1991
Issue: Jan
Order Number: 1