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Monetary Policy

Working Paper

Measuring Disagreement in Probabilistic and Density Forecasts

WP 21-03 – In this paper, we introduce and study a class of disagreement measures for probability distribution forecasts based on the Wasserstein metric.

Featured Work

Monetary Policy Report: Using Rules for Benchmarking, December 2020

This special report highlights ongoing work to benchmark the stance of monetary policy using a range of policy rules that are widely employed in studies of monetary economics.

The Outlook for 2021 Nationally and Locally

Philadelphia Business Journal Economic Forecast | Virtual Event

Announcement Regarding the Monetary Policy Report

Due to rapidly changing economic conditions stemming from the coronavirus outbreak, the Federal Reserve Bank of Philadelphia will not issue its March 2020 Monetary Policy Report.