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Journal Article
Measuring consensus as the midpoint of the central tendency
Journal Article
FOMC consensus forecasts
In November 2007, the Federal Open Market Committee (FOMC) announced a change in the way it communicates its view of the economic outlook: It increased the frequency of its forecasts from two to four times per year, and it increased the length of the forecasting horizon from two to three years. The FOMC does not release the individual members' forecasts or standard measures of consensus such as the mean or median. Rather, it continues to release the forecast information as a range of forecasts, both the full range between the high and the low and a central tendency that omits the extreme ...
Journal Article
A tale of two crises
Journal Article
Energy prices: In the mix or swept under the rug?