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"How Might a Central Bank Report Uncertainty?,"
An important question for central banks is how they should report the
uncertainty of their forecasts.
This paper discusses a way in which a central bank
could report the uncertainty of its forecasts in a
world in which it
used a single macroeconometric model to make its forecasts and guide its
policies. Suggestions are then made as to what might be feasible for a
to report given that it is unlikely to be willing to commit to a
single model. A particular model is
used as an illustration.