Improving Federal-Funds Rate Forecasts in VAR Models Used for Policy Analysis
- 1 July 2001
- journal article
- Published by Taylor & Francis in Journal of Business & Economic Statistics
- Vol. 19 (3) , 324-330
- https://doi.org/10.1198/073500101681019972
Abstract
Federal-funds rate-forecast errors from vector autoregressive (VAR) models used for monetary policy analysis and fitted by ordinary least squares (OLS) are large relative to those from the futures ...Keywords
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