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A New Data Set on Monetary Policy: The Economic Forecasts of Individual Members of the FOMC
Author(s) -
ROMER DAVID
Publication year - 2010
Publication title -
journal of money, credit and banking
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.763
H-Index - 108
eISSN - 1538-4616
pISSN - 0022-2879
DOI - 10.1111/j.1538-4616.2010.00314.x
Subject(s) - inflation (cosmology) , scope (computer science) , unemployment , open market operation , monetary policy , set (abstract data type) , data set , economics , macroeconomics , economic forecasting , monetary economics , econometrics , computer science , artificial intelligence , theoretical physics , programming language , physics
This paper describes a new data set of the forecasts of output growth, inflation, and unemployment prepared by individual members of the Federal Open Market Committee. The paper discusses the scope of the data set, possibilities for extending it, and some potential uses. It offers a preliminary examination of some of the cross‐sectional features of the data.