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The SEC claimed Nortel's business practices let it meet "unrealistic" revenue and earnings forecasts it had provided to Wall Street.
The Fed has a dual mandate, and, according to its forecasts, it cannot meet both of the mandates in the near to medium terms under the expected policy path.
If it believes its own forecasts, it should keep selling inflation-protection bonds.
The model does not consider a candidate's history of over-performing the polls when making its probabilistic forecasts — it takes the polls at face value, for better or for worse.
While the comptroller's office is widely respected for its economic forecasts, it is clearly in the city's interest to make the total as big as possible so that officials can ask for increased federal aid.
Gordon now forecasts it will bump along at just over 1% in the years to 2040.
In upgraded forecasts, it estimates economic growth will be 2.8% this year - up from its earlier estimate of 2.7%.
Although the VAR model proposed provides good forecasts, it may be redundant given its large size.
The bank largely maintained the dreary economic forecasts it made in January, when it significantly cut its growth expectations and warned of a shock "similar in magnitude to the Lehman crisis" as a worst case.
If its data is tied together with precipitation forecasts, it could be used to assess which locations are most at risk.
Its economy, however, is not so speedy: on current forecasts it will finish the year with the slowest average growth rate since 2000 in the Americas behind even earthquake-stricken Haiti.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com