Nearly 40% of central banks have financial sector in main forecast model

Semi-structural models remain favoured option for producing key forecasts

Close to 40% of central banks that responded to the Economics Benchmarks 2021 said they incorporate some form of financial sector into their main forecast models.

Thirteen central banks (39.4% of respondents) said they do include a finance sector in their key model, or models.

The data shows central banks favour semi-structural models for producing headline forecasts. The majority of respondents (52%) said this was their key model type. A further 18% use dynamic stochastic general equilibrium

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