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capitalism respectively contributes to the Phillips curve and price rigidity, in the misapplication of ordinary rewards to …
Persistent link: https://www.econbiz.de/10015250270
Much of the US inflation forecasting literature deals with examining the ability of macroeconomic indicators to predict … the mean of future inflation, and the overwhelming evidence suggests that the macroeconomic indicators provide little or … no predictability. In this paper, we expand the scope of inflation predictability and explore whether macroeconomic …
Persistent link: https://www.econbiz.de/10015216359
banks use forecasting models based on ANN methodology for predicting various macroeconomic indicators, like inflation, GDP … Growth and currency in circulation etc. In this paper, we have attempted to forecast monthly YoY inflation for Pakistan by …
Persistent link: https://www.econbiz.de/10015216499
several novel in findings. First, external variables (i.e., China’s growth, China’s inflation, change in oil price) play …This paper investigates the use of DMA approach for identifying good inflation predictors and forecasting inflation in … set of predictors for inflation and marginal effects of predictors to change over time. Our empirical work resulted in …
Persistent link: https://www.econbiz.de/10015217259
This paper criticises the econometric inflation uncertainty proxies found in the literature, which show an overly … literature and the evidence conveyed by the literature on surveys of inflation expectations. While the latter shows that actual … inflation level – inflation uncertainty link. Next, the performance of inflation forecasts from both the Central Bank of Brazil …
Persistent link: https://www.econbiz.de/10015217658
We develop a theoretical framework to compare forecast uncertainty estimated from time series models to those available from survey density forecasts. The sum of the average variance of individual densities and the disagreement, which is the same as the variance of the aggregate density, is...
Persistent link: https://www.econbiz.de/10015221004
model. An empirical application to U.S. inflation demonstrates the importance of allowing for noncausality in improving …
Persistent link: https://www.econbiz.de/10015222212
export potential of internal products. EU grants, capital inflow, gain of wages has caused an inflation gain in Latvia …. Considering that together with inflation purchasing capacity of inhabitants has grown, it is possible to draw a conclusion that …
Persistent link: https://www.econbiz.de/10015225907
models to improve on simple univariate models in forecasting U.S. inflation. While this indeed is the case when the benchmark ….S. inflation dynamics than the conventional causal autoregression and it is, therefore, the appropriate univariate benchmark model. …
Persistent link: https://www.econbiz.de/10015226391
Central Banks have gained much credibility in controlling one important macroeconomic variable: inflation. This paper … tries to examine the relation between inflation and other economic variables in Croatia by searching for the best …
Persistent link: https://www.econbiz.de/10015227325