Business surveys and inflation forecasting in China

We use business survey data collected by the People’s Bank of China for inflation forecasting. Some survey indicators lead to enhanced forecasting performance relative to the univariate benchmark model, especially for a period of moderate inflation. However, the estimated models do not do a good job of tracking the recent pickup in Chinese inflation, due to increases in food prices.

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Year of publication:	2008-11-23
Authors:	Kaaresvirta, Juuso ; Mehrotra, Aaron
Institutions:	Siirtymätalouksien tutkimuslaitos, Suomen Pankki
Subject:	inflation forecasting \| business surveys \| China

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Extent:	application/pdf
Series:	BOFIT Discussion Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series BOFIT Discussion Papers Number 22/2008 17 pages
Classification:	C53 - Forecasting and Other Model Applications ; E31 - Price Level; Inflation; Deflation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005648626