The FOMC versus the Staff: Where Can Monetary Policymakers Add Value?
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Should monetary policymakers take the staff forecast of the effects of policy actions as given, or should they attempt to include additional information? This paper seeks to shed light on this question by testing the usefulness of the FOMC's own forecasts. Twice a year, the FOMC makes forecasts of
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美国国家经济研究局创建时间：
2008-01-01
