Bias in Federal Reserve Inflation Forecasts: Is the Federal Reserve Irrational or Just Cautious?

By Carlos Capistrán-Carmona. 2005

119 citations recorded by the source corpus.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/2afb001f1f8d42b115ae22ae9cd40b1b1776ca69

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. C. Capistrán
2. Allan G. Timmermann
3. Massimo Guidolin
4. Barbara Rossi
5. Andrew J. Patton
6. Nicolas Huck
7. Enrique Moral-Benito
8. D. McMillan

Citations in the corpus

• Testing Forecast Optimality Under Unknown Loss (2007, unknown): “In fact, as pointed out by Nobay and Peel (2003) and Capistran (2006), there are strong reasons to assume that the Fed has asymmetric loss over forecast errors rather than MSE loss.”
• Disagreement and Biases in Inflation Expectations (2006, background): “Equations (7) and (15) imply that the mean inflation forecast depends on the conditional variance of inflation.”