This work applies state-of-the-art artificial intelligence forecasting methods to provide new evidence of the comparative performance of statistically weighted Divisia indices vis-à-vis their simple sum counterparts in a simple inflation forecasting experiment. We develop a new approach that...

Numerous studies find that monetary models of exchange rates cannot beat a random walk model. Such a finding, however, is not surprising given that such models are built upon money demand functions and traditional money demand functions appear to have broken down in many developed countries. In...