Search: FOMC
RBA Glossary definition for FOMC
FOMC – Federal Open Market Committee
Search Results
Data Sources
8 Mar 2017
RDP
2017-01
FOMC, TB, CEA, BC, SPF. FOMC, TB, CEA, BC, SPF. TB, CEA, BC, SPF. ... Since late 2007, FOMC participants have released projections of both total and core PCE inflation.
https://www.rba.gov.au/publications/rdp/2017/2017-01/data-sources.html
Introduction
8 Mar 2017
RDP
2017-01
These assessments, which are reported in the Summary of Economic Projections (SEP) that accompanies the FOMC minutes once a quarter, provide two types of information about forecast uncertainty. ... Thus, errors made by other forecasters on average can be
https://www.rba.gov.au/publications/rdp/2017/2017-01/introduction.html
Fan Charts
8 Mar 2017
RDP
2017-01
To this end, the FOMC recently indicated its intention to begin including fan charts in the Summary of Economic Projections. ... Overall, these considerations suggest that FOMC forecasts of future real activity, inflation, and interest rates should be
https://www.rba.gov.au/publications/rdp/2017/2017-01/fan-charts.html
Conclusions
8 Mar 2017
RDP
2017-01
Conclusions. David Reifschneider and Peter Tulip. February 2017. 1.41. MB. In this paper, we have presented estimates of past forecast uncertainty; these estimates are used by FOMC participants as a ... Our analysis also suggests that fan charts would be
https://www.rba.gov.au/publications/rdp/2017/2017-01/conclusions.html
Methods for Gauging Uncertainty
8 Mar 2017
RDP
2017-01
The relative merits of this approach compared to what the FOMC now does are unclear. ... FOMC participants, if they choose, also note specific factors influencing their assessments of uncertainty.
https://www.rba.gov.au/publications/rdp/2017/2017-01/methods-for-gauging-uncertainty.html
Estimation Results
8 Mar 2017
RDP
2017-01
A key factor affecting the relevance of the FOMC's benchmarks is whether past forecasting performance provides a reasonable benchmark for gauging future accuracy. ... In any event, the FOMC's simpler averaging approach has the advantage of being easier
https://www.rba.gov.au/publications/rdp/2017/2017-01/estimation-results.html
Collecting Historical Forecast Data
8 Mar 2017
RDP
2017-01
Second, the specific measure of inflation projected by FOMC participants has changed over time, making it problematic to relate participants' past prediction errors to its current forecasts. ... At the time of this writing, the FOMC schedule involves
https://www.rba.gov.au/publications/rdp/2017/2017-01/collecting-historical-forecast-data.html
Motivation for Publishing Uncertainty Estimates
8 Mar 2017
RDP
2017-01
in response to unpredictable economic events as the central bank strives to meet its goals (in the case of the FOMC, maximum employment and 2 percent inflation). ... potential enhancements to FOMC communications as reported in the transcripts of the
https://www.rba.gov.au/publications/rdp/2017/2017-01/motivation-for-publishing-uncertainty-estimates.html
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
Gauging the Uncertainty of the Economic Outlook Using Historical Forecasting Errors: The Federal Reserve's Approach
1 Feb 2017
RDP
2017-01
FOMC's own forecasting record – and indeed, we exploit this information in our analysis. ... FOMC, TB, CEA, BC, SPF. FOMC, TB, CEA, BC, SPF. TB, CEA, BC, SPF.
https://www.rba.gov.au/publications/rdp/2017/2017-01/full.html