Document Type
Discussion Paper
Publication Date
6-1-2012
CFDP Number
1864
CFDP Pages
23
Abstract
In January 2012 the Fed began reporting ranges of its economic forecasts. The ranges, however, measure differences of opinion, not variances of economic forecasts. This paper discusses what the Fed could report 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 the Fed to report given that it is unlikely to be willing to commit to a single model.
Recommended Citation
Fair, Ray C., "How Should the Fed Report Uncertainty?" (2012). Cowles Foundation Discussion Papers. 2225.
https://elischolar.library.yale.edu/cowles-discussion-paper-series/2225