Is the central bank's publication of economic forecasts influential?

Ippei Fujiwara

doi:10.1016/j.econlet.2005.05.036

Is the central bank's publication of economic forecasts influential?

Ippei Fujiwara^*

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

41 Citations (Scopus)

Abstract

We examine how a central bank's economic forecasts affect forecasts by professional forecasters and vice versa. Results show that while central bank forecasts are not significantly influenced by those of professional forecasters, the latter are however notably affected by the former.

Original language	English
Pages (from-to)	255-261
Number of pages	7
Journal	Economics Letters
Volume	89
Issue number	3
DOIs	https://doi.org/10.1016/j.econlet.2005.05.036
Publication status	Published - Dec 2005
Externally published	Yes

Access to Document

10.1016/j.econlet.2005.05.036

Cite this

@article{7cf30598869646ccaf155103d09c9ff5,

title = "Is the central bank's publication of economic forecasts influential?",

abstract = "We examine how a central bank's economic forecasts affect forecasts by professional forecasters and vice versa. Results show that while central bank forecasts are not significantly influenced by those of professional forecasters, the latter are however notably affected by the former.",

keywords = "Expectation, Monetary policy, Transparency",

author = "Ippei Fujiwara",

year = "2005",

month = dec,

doi = "10.1016/j.econlet.2005.05.036",

language = "English",

volume = "89",

pages = "255--261",

journal = "Economics Letters",

issn = "0165-1765",