Briefing
How useful are consumer surveys as macroeconomic indicators?
Webb, Roy H. (2010-07)
Most economic indicators attempt to summarize what happened at a particular time in the past. Consumer surveys, however, examine attitudes and are thus fundamentally different from other widely reported indicators. Some surveys, such as those that measure inflation expectations, have proven to be useful to economists and policymakers, while the evidence is more mixed for others, such as forecasts of consumer spending.
Richmond Fed Economic Brief , Issue July

Briefing
Predicting Recessions
Webb, Roy H.; Romero, Jessie; Murphy, Thomas (2019)
This Economic Brief evaluates the predictive capabilities of the yield curve and several other leading indicators, including the Conference Board Leading Economic Index (LEI), claims for unemployment insurance, manufacturing activity, consumer lending, and CEO optimism. According to in-sample statistical analysis, several indicators — particularly the three-month/ten-year term spread and the LEI — have demonstrated significant value in predicting recessions during the past sixty years.
Richmond Fed Economic Brief , Volume 19 , Issue 12 , Pages 6pgs.

Journal Article
Which price index should a central bank employ?
Webb, Roy H. (2004-04)
Economic Quarterly , Volume 90 , Issue Spr , Pages 63-76

Journal Article
National productivity statistics
Webb, Roy H. (1998-01)
Economic Quarterly , Issue Win , Pages 45-64

Journal Article
An index of leading indicators for inflation
Webb, Roy H.; Rowe, Tazwell S. (1995-04)
Economic Quarterly , Issue Spr , Pages 75-96

Journal Article
Personal saving behavior and real economic activity
Webb, Roy H. (1993-04)
Economic Quarterly , Issue Spr , Pages 68-94

Journal Article
Using the federal funds futures market to predict monetary policy actions
Webb, Roy H.; Owens, Raymond E. (2001-04)
Economic Quarterly , Issue Spr , Pages 69-77

Journal Article
Two approaches to macroeconomic forecasting
Webb, Roy H. (1999-07)
Economic Quarterly , Issue Sum , Pages 23-40

Journal Article
The cyclical behavior of prices and employee compensation
Webb, Roy H. (2003-01)
Economic Quarterly , Volume 89 , Issue Win , Pages 69-83

Journal Article
The irrelevance of tests for bias in series of macroeconomic forecasts
Webb, Roy H. (1987-11)
The idea of rational expectations has revolutionized macroeconomics. Several authors believe that the idea can be easily tested by a simple econometric procedure. This paper, however, presents several reasons for questioning the relevance of such tests.
Economic Review , Volume 73 , Issue Nov , Pages 3-9