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contributors to overall inflation forecast errors. Perhaps more importantly, relatively small core inflation forecast errors appear …Against the backdrop of an ongoing review of the inflation-targeting framework, this paper examines the real …-time inflation forecasts of the Bank of Canada with the aim of identifying potential areas for improvement. Not surprisingly, the …
Persistent link: https://www.econbiz.de/10012103690
on monopoly markup fall short since inflation remained low after 2009. This paper contributes strong evidence of Granger …
Persistent link: https://www.econbiz.de/10012154675
This paper develops an approach for forecasting in Thailand core inflation. The key innovation is to anchor the … projections derived from the short-term time-series properties of core inflation to its longer-run evolution. This involves … goodness-of-fit criteria, with an equilibrium-correction model that pins down the convergence of core inflation to its longer …
Persistent link: https://www.econbiz.de/10014401301
drivers of the predictions include high levels of unrest, food price inflation and mobile phone penetration, which accord with …
Persistent link: https://www.econbiz.de/10012796240
Persistent link: https://www.econbiz.de/10012796674
documents of the following years to understand the evolution of fiscal forecast errors. Our findings suggest that: (i) for most … terms of drivers, we show that forecast errors for the fiscal balance-to-GDP ratio are positively correlated with GDP growth … and terms of trade changes and negatively with GDP deflator surprises; (iv) forecast errors for public debt-to-GDP ratios …
Persistent link: https://www.econbiz.de/10012612338
In this paper I assess the ability of econometric and machine learning techniques to predict fiscal crises out of sample. I show that the econometric approaches used in many policy applications cannot outperform a simple heuristic rule of thumb. Machine learning techniques (elastic net, random...
Persistent link: https://www.econbiz.de/10012612343
An essential element of the work of the Fund is to monitor and forecast international trade. This paper uses SWIFT … (PMI), to improve the short-term forecast of international trade. A horse race between linear regressions and machine …
Persistent link: https://www.econbiz.de/10012392595
-recession years are revised slowly; in recession years, the pace of revision picks up but not sufficiently to avoid large forecast …
Persistent link: https://www.econbiz.de/10012112326
This paper identifies leading indicators of fiscal crises based on a large sample of countries at different stages of development over 1970-2015. Our results are robust to different methodologies and sample periods. Previous literature on early warning sistems (EWS) for fiscal crises is scarce...
Persistent link: https://www.econbiz.de/10011905898