| dc.contributor | 國貿系 | - |
| dc.creator (作者) | 荒井夏來 | - |
| dc.creator (作者) | Natsuki Arai | - |
| dc.date (日期) | 2016-08 | - |
| dc.date.accessioned | 22-Aug-2016 16:39:13 (UTC+8) | - |
| dc.date.available | 22-Aug-2016 16:39:13 (UTC+8) | - |
| dc.date.issued (上傳時間) | 22-Aug-2016 16:39:13 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/100620 | - |
| dc.description.abstract (摘要) | Since 2007, Federal Open Market Committee (FOMC) policymakers have been publishing detailed numerical projections of macroeconomic series over the next 3 years. By testing whether the revisions to these projections are unpredictable, I find that FOMC’s efficiency is generally accepted for inflation but often rejected for real economic variables, notably for the unemployment rate. The rejection is due to the strong autocorrelation of revisions, which may reflect information rigidity of FOMC’s unemployment projections. The joint efficiency of the entire projection is accepted in most cases. | - |
| dc.format.extent | 240502 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | Jounal of Money, Credit and Banking, Vol.48, No.5, pp.1019-1049 | - |
| dc.subject (關鍵詞) | FOMC; economic projections; forecast revisions; forecast efficiency; information rigidity. | - |
| dc.title (題名) | Evaluating the Efficiency of the FOMC’s New Economic Projections | - |
| dc.type (資料類型) | article | - |
