Is the central bank's publication of economic forecasts influential?

Research output: Contribution to journalArticle

23 Citations (Scopus)

Abstract

We examine how a central bank's economic forecasts affect forecasts by professional forecasters and vice versa. Results show that while central bank forecasts are not significantly influenced by those of professional forecasters, the latter are however notably affected by the former.

Original languageEnglish
Pages (from-to)255-261
Number of pages7
JournalEconomics Letters
Volume89
Issue number3
DOIs
Publication statusPublished - 2005 Dec 1
Externally publishedYes

Keywords

  • Expectation
  • Monetary policy
  • Transparency

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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