To Örebro University

oru.seÖrebro University Publications
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Central bank forecasts of policy interest rates: An evaluation of the first years
Sveriges Riksbank, Stockholm, Sweden.
National Institute of Economic Research, Stockholm, Sweden.ORCID iD: 0000-0002-4840-7649
2014 (English)In: Economic notes - Monte dei Paschi di Siena, ISSN 0391-5026, E-ISSN 1468-0300, Vol. 43, no 1, p. 63-78Article in journal (Refereed) Published
Abstract [en]

In recent years, the central banks of Norway and Sweden have published their endogenous policy interest‐rate forecasts. In this paper, we evaluate those forecasts alongside policy‐rate expectations inferred from market pricing. We find that for both economies, there are only small differences in relative forecasting precision between the central bank and market‐implied measures. However, both types of forecast fail tests for unbiasedness and efficiency at longer horizons.

Place, publisher, year, edition, pages
John Wiley & Sons, 2014. Vol. 43, no 1, p. 63-78
National Category
Economics
Research subject
Economics
Identifiers
URN: urn:nbn:se:oru:diva-61624DOI: 10.1111/ecno.12012ISI: 000217422200004Scopus ID: 2-s2.0-84892556015OAI: oai:DiVA.org:oru-61624DiVA, id: diva2:1150110
Available from: 2017-10-17 Created: 2017-10-17 Last updated: 2025-01-20Bibliographically approved

Open Access in DiVA

No full text in DiVA

Other links

Publisher's full textScopus

Authority records

Österholm, Pär

Search in DiVA

By author/editor
Österholm, Pär
In the same journal
Economic notes - Monte dei Paschi di Siena
Economics

Search outside of DiVA

GoogleGoogle Scholar

doi
urn-nbn

Altmetric score

doi
urn-nbn
Total: 372 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf