The central banks of Sweden and Norway publish forecasts of the level of interest rates.
Quotes from the abstract: "Moreover, it is important to publish forecasts to enable open evaluation", and "We stress that the forecast is experimental, since the skill of the multi-model system is as yet unknown".
Scandinavian central banks such as Norges Bank and the Swedish Riksbank also provide a type of loose guidance to the extent that they publish forecasts for official interest rates, based on their expectations for economic growth and inflation.
Setting up the office for budget responsibility will be one of the first acts of a Tory government so it can publish forecasts ahead of the emergency budget planned within the first 50 days of a Conservative administration.
Frederic Mishkin, who is stepping down as a governor on August 31st, said recently that the Fed should publish forecasts for five or more years to make their preferred inflation rate more explicit and harder to abandon.The Fed's creativity in the past year was justified; it stepped in when no other agency or political body could or would.
And by agreeing to publish forecasts for headline inflation, as well as the less volatile core data, Mr Bernanke has also addressed the growing perception that the Fed thinks fast-rising food and energy costs are not its problem.This is an opportune time to make the Fed's policymaking more open.
The Bank's latest published forecast is that average weekly earnings will increase by 3.75% this year.
Danielle Courtenay, the chief marketing officer for Visit Orlando, said that her agency would not have a 2010 tally until the spring, but she added that its published forecast was for 48.6 million visitors — just shy of the number Mr. Bloomberg announced.
Our published forecast is that rates will begin to rise around the middle of the year, but we recognise that the recovery may not have enough legs for the MPC to tighten this early and if anything the tone of the MPC's statement today was uncertain, if not overtly dovish.
The International Energy Agency, in its last published forecast, predicted a 32% growth in oil demand between 1997 and 2010, versus a 23% increase in the preceding 13 years.
