Should central banks communicate uncertainty in their projections?
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DOI: 10.1016/j.jebo.2020.11.013
Abstract: Abstract This paper provides original empirical evidence on the emerging practice by central banks of communicating uncertainty in their inflation projections. We compare the effects of point and density projections in a learning-to-forecast laboratory experiment… read more here.
Keywords: central banks; uncertainty; density; inflation ... See more keywords