Researchers from Federal Reserve Bank Detail New Studies and Findings in the Area of Econometrics (Policy Evaluation With Sufficient Macro Statistics: a Primer*): Economics – Econometrics

2025 DEC 17 (NewsRx) -- By a News Reporter-Staff News Editor at Economics Daily Report -- Fresh data on Economics - Econometrics are presented in a new report. According to news originating from San Francisco, California, by NewsRx correspondents, research stated, “Impulse responses and forecasts are central concepts for policymakers.”

Our news journalists obtained a quote from the research from Federal Reserve Bank, “They are also sufficient statistics to solve many important macroeconomic problems, from policy counterfactuals to policy evaluation, and offer a promising alternative to the standard structural modelling approach. In this work, we discuss and extend recent progress on the use of these sufficient macro statistics for policy evaluation.”

According to the news editors, the research concluded: “We illustrate the methods by evaluating the performance of the European Central Bank over 1999-2023.”

This research has been peer-reviewed.

For more information on this research see: Policy Evaluation With Sufficient Macro Statistics: a Primer*. The Econometrics Journal, 2025. The Econometrics Journal can be contacted at: Oxford Univ Press, Great Clarendon St, Oxford OX2 6DP, England.

The news correspondents report that additional information may be obtained from Regis Barnichon, Federal Reserve Bank, 101 Market St, San Francisco, CA 94105, United States.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1093/ectj/utaf022. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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