Gupta, Rangan; Hartley, Faaiqa - In: Journal of Emerging Market Finance 12 (2013) 3, pp. 239-291
This article assesses the predictive ability of asset prices relative to other variables in forecasting inflation and real GDP growth in South Africa. A total of 42 asset and non-asset predictor variables are considered. Forecasts of inflation and real GDP growth are computed using both...