The most promising standard machine learning methods can deliver highly accurate classification results, often outperforming standard white-box methods. However, it is hardly possible for humans to fully understand the rationale behind the black-box results, and thus, these powerful methods...

We present a hierarchical architecture based on recurrent neural networks for predicting disaggregated inflation components of the Consumer Price Index (CPI). While the majority of existing research is focused on predicting headline inflation, many economic and financial institutions are...