Jalles, João Tovar - In: Review of development finance 7 (2017) 2, pp. 157-168
This paper provides a full characterization of inflation rate forecasts using the mean values from Consensus Economics … forecasts around business cycles' turning points. Results show that inflation forecasts in the region display the standard … smooth them between revisions. Focusing on business cycle turning points, forecasters tend to slightly underpredict the …