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Applied Economics Letters Volume 28, 2021 - Issue 16
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Research Article

The predictive power of ECB’s interval forecasts over point forecasts

Yoichi TsuchiyaGraduate School of International Cultural Studies, Tohoku University, Sendai, JapanCorrespondence[email protected]
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Pages 1413-1418 | Published online: 13 Sep 2020

References

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  • Bloom, N. 2009. “The Impact of Uncertainty Shocks.” Econometrica 77: 623–685.
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  • Mincer, J. A., and V. Zarnowitz. 1969. “The Evaluation of Economic Forecasts.” In Economic Forecasts and Expectations: Analysis of Forecasting Behavior and Performance, 3–46. NBER. New York, NY: National Bureau of Economic Research.
  • Reifschneider, D., and P. Tulip. 2018. “Gauging the Uncertainty of the Economic Outlook Using Historical Forecasting Errors: The Federal Reserve’s Approach.” International Journal of Forecasting 35: 1564–1582.
  • Romer, C. D., and D. H. Romer. 2008. “The FOMC versus the Staff: Where Can Monetary Policymakers Add Value?” American Economic Review 98: 230–235. doi:10.1257/aer.98.2.230.

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