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DTSTART:20131103T020000
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DTSTART:20130310T020000
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UID:calendar.7183.field_date.0@calendar.lafayette.edu
DTSTAMP:20260613T145803Z
DESCRIPTION:Forecasts of the economy play a key role in monetary and fiscal
  policy \ndecisions. Economists study forecasts and forecast errors in ord
 er to \nunderstand the value (or lack of value) of such forecasts under va
 rious \nconditions.  In this talk I will discuss my research on measuring 
 and \ncomparing forecast errors across private sector and government forec
 asters.  \nI will discuss how the Great Moderation starting in the early 1
 980s and the \nFederal Reserve’s movement toward greater transparency star
 ting in the \nearly 1990s affected forecasts and forecast errors.  I will 
 show how policy \nactions by the Federal Reserve\, which are based on fore
 casts\, appear to \naffect the forecastability of the economy.  I conclude
  with a discussion of \nhow past errors in forecasting may have affected p
 ast monetary policy \ndecisions.
DTSTART;TZID=America/New_York:20130321T193000
DTEND;TZID=America/New_York:20130321T203000
LAST-MODIFIED:20130313T191043Z
LOCATION:224 Oechsle Auditorium
SUMMARY:Roth Lecture: 'How Bad Are Economic Forecasts and Why Should We Car
 e?'
URL;TYPE=URI:https://calendar.lafayette.edu/node/7183
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