Genc, Ismail; Lee, Minsoo; Rodriguez, Candelaria; Lutz, … - In: Journal of Economic Policy Reform 10 (2007) 1, pp. 15-27
We analyze a set of countries which adopted inflation targeting (IT) as a policy tool. We model the pre-IT period with ARMA and GARCH methods, and conduct the one-step ahead forecasting for the remainder of the times series data. The actual and forecasted inflation levels are compared for each...