Research Challenges Conventional Views on Long-Run Economic Expectations
May 30, 2025
May 30, 2025
WASHINGTON, May 30 (TNSLrpt) -- The Federal Reserve Bank of New York issued a Staff Report (No. 1150), titled "How Do We Learn About the Long Run?" , published in April 2025. Authored by Richard K. Crump, Stefano Eusepi, Emanuel Moench and Bruce Preston, the report presents novel findings on how professional forecasters form expectations about the long-term behavior of key macroeconomic variables. This research, based on a unique panel dataset of individual-level professional forecasts . . .