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Uncertain and Asymmetric Forecasts

Vansteenberghe, Eric
arXiv (All) · Papers
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economicsgeneral-economics
Survey density forecasts are summarized by their second and third moments, read as uncertainty and as the balance of risks. Neither can be read on its own. In the ECB Survey of Professional Forecasters the variance of an individual inflation density rises with the distance of that forecaster's centr
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