Copyright (c) 2008 All rights reserved. http://works.bepress.com/tara_sinclair Recent documents in Tara M Sinclair en-us Thu, 12 Jun 2008 03:18:14 PDT 3600 http://works.bepress.com/tara_sinclair/6 http://works.bepress.com/tara_sinclair/6 Tue, 10 Jun 2008 09:09:42 PDT Many studies have undertaken separate analyses of the Fed's forecasts of real GDP growth and inflation. This paper presents a method for jointly evaluating the direction of change predictions of these variables. We conclude that that some of the inflation forecasts, examined separately, were not valuable. However, the joint pattern of GDP and inflation projections was generally in accord with the economy's movements. Tara M. Sinclair E37, C53, E52