Are heterogeneous FOMC forecasts consistent with the Fed鈥檚 monetary policy?

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• 作者：Ralf Fendel ; Jan-Christoph Rü ; lke ; ^{jan-c.ruelke@whu.edu}
• 关键词：C23 ; E31 ; E37
• 刊名：Economics Letters
• 出版年：2012
• 期刊代码：9_01651765
• 类别：eco
• 出版时间：July, 2012
• 卷：116
• 期：1
• 页码：5-7
• 文件大小：247 K

摘要

Yes, they are! We find that although there is a surprisingly high dispersion of individual forecasts and some dissent on the Federal Funds target, the FOMC鈥檚 individual behavior is well described by a Taylor-type rule.