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RBA Glossary definition for FOMC
FOMC – Federal Open Market Committee
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Gauging the Uncertainty of the Economic Outlook Using Historical Forecasting Errors: The Federal Reserve's Approach
28 Feb 2017
RDP
2017-01
We draw several conclusions. First, if past performance is a reasonable guide to future accuracy, considerable uncertainty surrounds all macroeconomic projections, including those of FOMC participants. ... the intervals cover about 70 percent of possible
https://www.rba.gov.au/publications/rdp/2017/2017-01.html
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Gauging the Uncertainty of the Economic Outlook Using Historical Forecasting Errors: The Federal Reserve’s Approach
27 Feb 2017
RDP
PDF
1444KB
approximation to future uncertainty, especially when viewed in conjunction with the FOMC’s. ... perceptions of the uncertainty attending the current economic outlook. Under the FOMC’s.
https://www.rba.gov.au/publications/rdp/2017/pdf/rdp2017-01.pdf
Appendix C: Further Results on Risk Management-driven Policy Decisions
1 Oct 2017
RDP
2017-06
Further, they focus on the information possessed by the FOMC in real time, while our VAR framework employs revised data. ... Statements. Cuban missile crisis. FOMC HM 23/10/1962 meeting. ‘With regard to policy, Mr.
https://www.rba.gov.au/publications/rdp/2017/2017-06/appendix-c.html
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Uncertainty and Monetary Policy in Good and Bad Times
12 Oct 2017
RDP
PDF
1508KB
Committee (FOMC) minutes released around the uncertainty shocks we identify. Our evidence on the risk management approach followed by the Federal Reserve is consistent with.
https://www.rba.gov.au/publications/rdp/2017/pdf/rdp2017-06.pdf
Alternatives and Limitations
31 Dec 2012
RDP
2012-07
The Federal Open Market Committee (FOMC) started releasing estimates of uncertainty with its forecasts in November 2007. ... This projection was associated with a RMSE of 1.1 percentage points, which was the average over the previous twenty years (FOMC
https://www.rba.gov.au/publications/rdp/2012/2012-07/alt-limitations.html
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Lessons of the Crisis
10 Dec 2014
RDP
2014-02
Footnote. See their presentation to the FOMC on 29 January 2002 (FOMC 2002).
https://www.rba.gov.au/publications/rdp/2014/2014-02/lessons-crisis.html
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Fiscal Policy and the Inflation Target
4 Feb 2015
RDP
PDF
847KB
Peter Tulip. 1. Introduction. The US Federal Reserve has a long-run inflation target of 2 per cent (FOMC 2012). ... for the FOMC meeting of 1 February 2005 (FOMC 2005; Elmendorf et al 2005).
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-02.pdf
Measuring the Effect of the Zero Lower Bound on Medium- and Longer-Term Interest Rates
13 Dec 2012
Research Workshop
PDF
867KB
Reserve Bank of Australia Workshop 2012
https://www.rba.gov.au/publications/workshops/research/2012/pdf/swanson-williams.pdf
Estimates of Uncertainty around the RBA's Forecasts
28 Jan 2015
RDP
PDF
689KB
Research Discussion Paper. Estimates of Uncertainty around the RBA’s Forecasts. Peter Tulip and Stephanie Wallace. RDP 2012-07. The Discussion Paper series is intended to make the results of the current economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2012/pdf/rdp2012-07.pdf
Limitations on the Effectiveness of Forward Guidance at the Zero Lower Bound
24 Nov 2009
Research Workshop
PDF
338KB
Reserve Bank of Australia Research Workshop 2009
https://www.rba.gov.au/publications/workshops/research/2009/pdf/nelson.pdf