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Can forecasting performance be improved by considering the steady state? : an application to Swedish inflation and interest rate

Österholm, Pär - In: Journal of forecasting 27 (2008) 1, pp. 41-51

Persistent link: https://www.econbiz.de/10003738383

The time-series properties of Norwegian inflation and nominal interest rate

Österholm, Pär - In: Applied economics 41 (2009) 10/12, pp. 1303-1309

Persistent link: https://www.econbiz.de/10003844921

Does money growth granger-cause inflation in the Euro Area? Evidence from output-of-sample forecasts using Bayesian VARs

Berger, Helge; Österholm, Pär - 2008

-causes inflation in the euro area. Based on data from 1970 to 2006 and forecasting horizons of up to 12 quarters, there is surprisingly … power of money growth for inflation is substantially lower in more recent sample periods compared to the 1970s and 1980s …. This cautions against using money-based inflation models anchored in very long samples for policy advice. …

Persistent link: https://www.econbiz.de/10010299140

Interest Rate Smoothing versus Serially Correlated Errors in Taylor Rules: Testing the Tests

Welz, Peter; Österholm, Pär - 2005

This paper contributes to the recent debate about the estimated high partial adjustment coefficient in dynamic Taylor rules, commonly interpreted as deliberate interest rate smoothing on the part of the monetary authority. We argue that a high coefficient on the lagged interest rate term may be...

Persistent link: https://www.econbiz.de/10010321535