Are Weekly Inflation Forecasts Informative?
Are weekly inflation forecasts informative? Although several central banks review and discuss monetary policy issues on a bi-weekly basis, there have been no attempts by analysts to construct systematic estimates of core inflation that supports such a decision-making schedule. The timeliness of news releases are recognized to be an important information source in real-time estimation. We incorporate real-time information from macroeconomic releases and revisions into our weekly updates of monthly Swiss core inflation using a common factor procedure. The weekly estimates for Swiss core inflation show that it is worthwhile to update the forecast at least twice a month. Copyright (c) Blackwell Publishing Ltd and the Department of Economics, University of Oxford, 2008.
Year of publication: |
2009
|
---|---|
Authors: | Amstad, Marlene ; Fischer, Andreas M. |
Published in: |
Oxford Bulletin of Economics and Statistics. - Department of Economics, ISSN 0305-9049. - Vol. 71.2009, 2, p. 237-252
|
Publisher: |
Department of Economics |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Shock identification of macroeconomic forecasts based on daily panels
Amstad, Marlene, (2005)
-
Amstad, Marlene, (2005)
-
Amstad, Marlene, (2006)
- More ...