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Viessmann European Research Centre, Waterloo, Canada; Deutsche Bundesbank

March 23-24, 2009
Forecasting and monetary policy
Deutsche Bundesbank, Berlin, Germany
Central banks now routinely release, and comment, on forecasts for macroeconomic and financial variables, using a variety of methodologies in preparing and presenting forecasts. Some publish a staff forecast, others rely on professional forecasts, while still other forecasts may be from the monetary policy committee or its members. Central banks also compete with forecasts made by financial institutions and private foundations or research organizations, with potential implications for their credibility and the monetary policy environment. Against this background, the organizers are interested in empirical and methodological papers that examine forecast uncertainty, the use and construction of fan charts, the performance of forecasts from various modeling approaches (e.g., DSGE versus VAR type models), forecast comparisons and combinations, the debate about whether central bankers should release their own forecasts, whether conditional forecasts of the future policy track are advisable and current experiences with such forecasts. Additionally, as there are growing concerns over central banks?? ability to anchor inflationary expectations, the organizers are also keen on papers that are concerned with long-run forecasts of inflation. Finally, we are also interested in papers that examine the record of institutional forecasters, in particular in Europe and in Germany. [gem?_?? den Informationen des Anbieters - according to site editor's information]
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