Balcilar, Mehmet; Katzke, Nico; Gupta, Rangan - Department of Economics, Faculty of Economic and … - 2015
In this paper we test whether the key metals prices of gold and platinum significantly improve inflation forecasts for … bivariate Bayesian-Dynamic Conditional Correlation (B-DCC) models, improves inflation forecasts. To achieve this we compare out … and BDCC models, improving point forecasts of the Autoregressive model of inflation remains an elusive exercise. This, we …