Paper: Evaluation the Efficiency of the FOMCs New Economics Projections
Author: Natsuki ARAI (Contact: natsuki.ar@gmail.com)
Journal: Journal of Money, Credit and Banking
Date: 9/15/2015
Folder Title: Pre-Great Recession

Description of the files contained in the folder:

Matlab files:
1. FOMC_SPF: main file to conduct Mincer-Zarnowitz to test the efficiency, and Diebold-Mariano test to compare the forecast accuracy of FOMC and SPF 

Matlab Function Files:
2. Ftest: computing F-test for Mincer-Zarnowitz evaluation
3. NW: Computing Newey-West standard errors
4. DmTest: Computing Diebold-Mariano test statistic

Matlab Data files:
5. Fomc: Fomcs forecasts data
6. Spf: SPF forecasts data
7. RzVal: Real-time realized value of the series
