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Federal Reserve Information During the Great Moderation

D'Agostino, A et al.
Munich Personal RePEc Archive · Reports
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Using data from the period 1970-1991, Romer and Romer (2000) showed that Federal Reserve forecasts of inflation and output were superior to those provided by commercial forecasters. In this paper, we show that this superior forecasting performance deteriorated after 1991. Over the decade 1992-2001,
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