Arbeitspapier
How might a central bank report uncertainty?
An important question for central banks is how they should report the uncertainty of their forecasts. This paper discusses a way in which a central bank could report the uncertainty of its forecasts in a world in which it used a single macroeconometric model to make its forecasts and guide its policies. Suggestions are then made as to what might be feasible for a central bank to report given that it is unlikely to be willing to commit to a single model. A particular model is used as an illustration.
- Language
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Englisch
- Bibliographic citation
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Series: Economics Discussion Papers ; No. 2014-25
- Classification
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Wirtschaft
Monetary Policy, Central Banking, and the Supply of Money and Credit: General
- Subject
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central bank
uncertainty
stochastic simulation
- Event
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Geistige Schöpfung
- (who)
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Fair, Ray C.
- Event
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Veröffentlichung
- (who)
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Kiel Institute for the World Economy (IfW)
- (where)
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Kiel
- (when)
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2014
- Handle
- Last update
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10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Fair, Ray C.
- Kiel Institute for the World Economy (IfW)
Time of origin
- 2014
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