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Reputation and Forecast Revisions: Evidence from the FOMC
This paper investigates how FOMC members revise their forecasts for key macroeconomic variables. Based on a new data set of forecasts from individual FOMC members between 1992 and 2000 it is shown that FOMC members intentionally overrevise their forecasts at the first revision and underrevise at th...
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| Опубликовано в:: | MAGKS - Joint Discussion Paper Series in Economics (Band 28-2011) |
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| Главный автор: | |
| Формат: | Arbeit |
| Язык: | английский |
| Опубликовано: |
Philipps-Universität Marburg
2011
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| Предметы: | |
| Online-ссылка: | PDF-полный текст |
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MAGKS - Joint Discussion Paper Series in Economics