Soybilgen, Baris; Yazgan, Ege - In: Central Bank Review (CBR) 17 (2017) 1, pp. 31-38
follow developments in inflation expectations to implement a successful monetary policy. The Central Bank of the Republic of …, our results show that autoregressive models outperform most of inflation expectations in forecasting inflation. This … indicates that inflation expectations have poor point forecast accuracies. However, we show that sign predictions for all …