Overview
I'm working on a economics discussion question and need the explanation and answer to help me learn.
1. https://www.federalreserve.gov/monetarypolicy/2020-06-mpr-part1.htm
the impact of COVID on our economy and economic decision-making/forecasting. Of particular interest is the section on disparities in job loss during the pandemic and developments related to financial stability.
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2. Bundick, B., & Herriford, T. (2017). How Do FOMC Projections Affect Policy Uncertainty? Economic Review (01612387), 102(2).
Is it possible for the committee to increase levels of uncertainty when there is much disagreement on the appropriate path of policy among participants. Ultimately the authors of the article conclude that projections in the SEP are indeed linked to levels of certainty and uncertainty Specifically, policy projections in the SEP do play an important part in how FOMC formulates its guidance (Bundick & Herriford, 2017). Let me know what you find on the FMOC!
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