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The authors evaluate inflation forecasts from the Survey of Professional Forecasters (SPF) of the Central Bank of Chile. Forecast errors for the period 2000-2008 show an excess of autocorrelation and a statistically significant bias at the end of the sample. The authors take advantage of the...
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The document focuses on the econometric treatment of macro panels, known in literature as panel time series. This new … unobservable common factors, squanders efficiency gains by operating with a panel. This led to a new set of estimators known in …
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