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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
David Reifschneider and Peter Tulip
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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Appendix C: Further Results on Risk Management-driven Policy Decisions

1 Oct 2017 RDP 2017-06
Giovanni Caggiano, Efrem Castelnuovo and Gabriela Nodari
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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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

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
Peter Tulip and Stephanie Wallace
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
Peter Tulip
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

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

References

31 Dec 2004 RDP 2004-10
Ellis Connolly and Marion Kohler
Federal Open Market Committee (FOMC) (1997), Transcript of the FOMC meeting on February 4–5, Board of Governors of the Federal Reserve System, pp 9–14.
https://www.rba.gov.au/publications/rdp/2004/2004-10/references.html
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What's Going on?

29 May 2017 RDP 2017-02
James Bishop and Peter Tulip
Moreover, evidence for the United States suggests that FOMC members are unable to improve on staff forecasts (Romer and Romer 2008), which suggests that private information sets of Board members are
https://www.rba.gov.au/publications/rdp/2017/2017-02/whats-going-on.html
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