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Original Articles

On the accuracy of Federal Reserve forecasts of the saving rate

Pages 1651-1655 | Published online: 23 Sep 2013

References

  • Cohn, R. A. and Kolluri, B. R. (2003) Determinants of household saving in the G-7 countries: recent evidence, Applied Economics, 35, 1199–208.
  • Diebold, F. X. (2007) Elements of Forecasting, 4th edn, South-Western, Cincinnati, OH.
  • Garner, C. A. (2006) Should the decline in the personal saving rate be a cause of concern? Federal Reserve Bank of Kansas City, Economic Review, 91, 5–28.
  • Guidolin, M. and La Jeunesse, E. A. (2007) The decline of the US personal saving rate: is it real and is it a puzzle? Federal Reserve Bank of St, Louis Review, 89, 491–514.
  • McConnell, M. and Perez-Quiros, G. (2000) Output fluctuations in the United States: what has changed since the early 1980s?, American Economic Review, 90, 1464–76.
  • Pearce, D. K. (1979) Comparing survey and rational measures of expected Inflation: forecast performance and interest rate effects, Journal of Money, Credit and Banking, 11, 447–56.

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