Forecasting for monetary policy
Econometrics
2026-01-28 v2
Abstract
This paper discusses three key themes in forecasting for monetary policy highlighted in the Bernanke (2024) review: the challenges in economic forecasting, the conditional nature of central bank forecasts, and the importance of forecast evaluation. In addition, a formal evaluation of the Bank of England's inflation forecasts indicates that, despite the large forecast errors in recent years, they were still accurate relative to common benchmarks.
Cite
@article{arxiv.2501.07386,
title = {Forecasting for monetary policy},
author = {Laura Coroneo},
journal= {arXiv preprint arXiv:2501.07386},
year = {2026}
}
Comments
32 pages, 5 figures, 1 table