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

This Zip file contains data and codes used in the paper. This zip file consists of three folders, two of them have two subfolders:

1. Main analysis: main analysis discussed in Section 4

2. Monte Carlo exercise: Monte Carlo exercise discussed in Section 3.5
  - 2.1 Size and Power (Section 3.5.1)
  - 2.2 Aggregation Bias (Section 3.5.2) 
   
3. Extensions: Extension discussed in Section 5
  - 3.1 Okuns Law (Section 5.1)
  - 3.2 Pre-Great Recession (Section 5.2)

Each folder contains the Readme file, which describes the files contained in the folder.