Models in the literature on inflation targeting are mostly theoretical or calibrated, even though inflation targeting requires inflation forecasts. The motivation for this paper is therefore threefold: foremost we want to build an econometric model for forecasting inflation in Norway--one...

After a forecast failure, a respecification is usually necessary to account for the data "ex post", in which case there is a gain in knowledge as a result of the forecast failure. Using Norwegian consumption as an example, we show that the financial deregulation in the mid-1980s led to forecast...

Summary PcGets is a computer program that implements automated econometric model selection. After discussing the installation and the documentation of the program, I describe the interface and the algorithm. Before concluding, I give an illustration of use of the program.