(The Fed now expects inflation to average 3.3 percent in 2023, which is a 0.1 percentage point lower than its June forecast. However, core inflation, excluding energy and food prices, is expected to be 3.7 percent. For 2024, the Fed expects an inflation rate of 2.5 percent, ...
This paper investigates the hypothesis that rational economic agents use the legislative process to forecast the future path of federal deficits and then act on that information. A tax legislation variable, included in a reduced form interest rate equation, is tested for significance. The legislative...
Let’s say the amount in thesavings accountis $1,000 and the interest rate is 5%, the bank will add $50 every year. Now if the inflation rates correspond with the interest rates, the account holders neither earn much profit nor incur any loss. But if the inflation increases by 10%, ...
8、If Smith’s statement on parity conditions is correct, future spot exchange rates are to be forecast by:【单选题】 A. current spot rates. B. forward exchange rates. C. inflation rate differentials. 相关知识点: 试题来源: 解析 B B is correct. By rearranging the terms of the equation ...
刷刷题APP(shuashuati.com)是专业的大学生刷题搜题拍题答疑工具,刷刷题提供The use of interest rates to forecast future stock prices is ruled out by which form of market efficiency()A.weak form.B.semi-strong form.C.both A and B.的答案解析,刷刷题为用户提供
In terms of root mean squared error (RMSE) the error-correction models show modest improvement relative to the naive forecast. It is further shown that the strength of the causal relationships expressed by the error-correction equations are not constant but vary over time.doi:10.1080/...
Analysts led by chief economist Jan Hatzius said in a note that the firm expects a 75-basis-point hike in September, up from a previous forecast of 50 basis points, as well as a 50-basis-point hike in November, also revised from a previous projection of 25 basis points. It also expect...
Interest ratesBond marketsForecasting techniquesPrior studies indicate that the predictive power of implied forward rates for future spot rates is weak over long sample periods and typically varies dramatically across different subperiods. Fama (1976, 1984) conjectures that the low forecast power is due...
Prior studies indicate that the predictive power of implied forward rates for future spot rates is weak over long sample periods and typically varies dramatically across different subperiods. Fama (1976, 1984) conjectures that the low forecast power is due to a failure to control for the term pr...
The bar for the Fed to make massive rate cuts is high, says Franklin Templeton Sonal Desai "I don't like tying my hands, and we still have weeks of data," Goolsbee said. "Let's take the long view. If we continue to make surprising progress faster than was forecast on inf...