FOMC Consensus Forecasts

William T. Gavin · Geetanjali Pande

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Monetary Policy and Economic Impact Global Financial Crisis and Policies Forecasting Techniques and Applications

Abstract

In November 2007, the Federal Open Market Committee (FOMC) announced a change in the way it communicates its view of the economic outlook: It increased the frequency of its forecasts from two to four times per year, and it increased the length of the forecasting horizon from two to three years.

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2000Federal Reserve Information and the Behavior of Interest Rates 2003Disagreement about Inflation Expectations 2000An evaluation of the predictions of the Federal Reserve 2008Economic Projections and Rules of Thumb for Monetary Policy 1980Policy advice and policymaking at the federal reserve 2007Gauging the Uncertainty of the Economic Outlook from Historical Forecasting Errors 2003Evaluating FOMC forecasts 2007Federal Reserve communications

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2011Do FOMC members herd?2015Has Forward Guidance Been Effective 2016Evaluating the Efficiency of the FOMC's New Economic Projections

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