Are Weekly Inflation Forecasts Informative?
نویسندگان
چکیده
منابع مشابه
Are Analysts' Forecasts Informative to the General Public?
C to the common view that analysts are important information agents, intraday returns evidence shows that announcements of analysts’ forecast revisions release little new information, on average. Further cross-sectional evidence from returns around the announcements confirms that revisions are virtually information free. Daily announcement returns used in the literature appear to overstate the ...
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This paper argues that the most important aspect of central bank transparency is communication about the future path of the policy rate. Despite great progress on transparency, communication on this topic remains shrouded in an obscure code. Central banks can enhance transparency by providing, in decreasing order of importance: i) an unconditional forecast of the policy interest rate; ii) an un...
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ژورنال
عنوان ژورنال: Oxford Bulletin of Economics and Statistics
سال: 2009
ISSN: 0305-9049,1468-0084
DOI: 10.1111/j.1468-0084.2008.00523.x