Document Type
Discussion Paper
Publication Date
3-1-2014
CFDP Number
1943
CFDP Pages
24
Abstract
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.
Recommended Citation
Fair, Ray C., "How Might a Central Bank Report Uncertainty?" (2014). Cowles Foundation Discussion Papers. 2344.
https://elischolar.library.yale.edu/cowles-discussion-paper-series/2344