Research Discussion Paper – RDP 2017-01 Gauging the Uncertainty of the Economic Outlook Using Historical Forecasting Errors: The Federal Reserve's Approach

Contents

We would like to thank Todd Clark, Brian Madigan, Kelsey O'Flaherty, Ellen Meade, Jeremy Nalewaik, Glenn Rudebusch, Adam Scherling and John Simon for helpful comments and suggestions. The views expressed herein are those of the authors and do not necessarily reflect those of the Board of Governors of the Federal Reserve System, the Reserve Bank of Australia or their staffs.

Endnotes

Board of Governors of the Federal Reserve System [*]

Economic Research Department, Reserve Bank of Australia [**]