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A New Data Set on Monetary Policy: The Economic Forecasts of Individual Members of the FOMC

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Abstract:

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.

Keywords: E52; E58; FOMC; forecasts; monetary policy

Document Type: Research Article

DOI: https://doi.org/10.1111/j.1538-4616.2010.00314.x

Affiliations: David Romer is Professor of Economics at the University of California, Berkeley, and Senior Resident Scholar at the International Monetary Fund (  )., Email: dromer@econ.berkeley.edu

Publication date: 2010-08-01

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