Showing 1 - 10 of 2,006
This paper presents a framework for quantifying uncertainty around point forecasts for GDP, inflation and house prices …
Persistent link: https://www.econbiz.de/10014313751
We document the real-time forecasting performance for output and inflation of the New York Fed dynamic stochastic …
Persistent link: https://www.econbiz.de/10014450718
Potential links between inflation, (t), and unemployment, UE(t), in Germany have been examined. There exists a … negative relation between inflation and unemployment with the latter leading the former by one year: UE(t-1) = 1.50(t) + 0 ….116. Effectively, growing unemployment has resulted in decreasing inflation since 1971, i.e. for the period where GDP deflator …
Persistent link: https://www.econbiz.de/10014223809
Documents how employment and spending for health care will respond with a distributed lag to inflation and GDP growth …
Persistent link: https://www.econbiz.de/10013132496
We use the ECB Survey of Professional Forecasters to characterize the dynamics of expectations at the micro level. We find that forecasters (i) have predictable forecast errors; (ii) disagree; (iii) fail to systematically update their forecasts in the wake of new information; (iv) disagree even...
Persistent link: https://www.econbiz.de/10013134964
We investigate inflation in Poland in the period of economic transition by examining the potential application of … Markov Switching Models to model the inflation generating process in Poland. The time horizon of analysis was limited to the … inflation rates following the economic transition period in early 1990s which was accompanied by a high level of inflation …
Persistent link: https://www.econbiz.de/10013059041
Autoregressive model to forecast inflation for Nigeria. This paper use changes in monthly consumer price index obtained from the … price level. Based on different diagnostic and evaluation criteria, the best forecasting model for predicting inflation in … macroeconomic indicators using the forecasted inflation …
Persistent link: https://www.econbiz.de/10013063004
Establishing the external validity of experimental inflation forecasts is essential if laboratory experiments are to be … used as decision-making tools for monetary policy. Our contribution is to document whether different measures of inflation … information, suggesting the presence of some form of bounded rationality or information imperfections. Finally, lagged inflation …
Persistent link: https://www.econbiz.de/10012897871
effective is the Big Mac price as an indicator of overall inflation? And 2) to what extent do exchange rate predictions on under …- and over-valued currencies have come to fruition? We find that Big Mac prices tend to lag overall inflation rates, which …
Persistent link: https://www.econbiz.de/10013055284
variance decomposition of US inflation. We also find that domestic currency has higher share of the forecast error variance …
Persistent link: https://www.econbiz.de/10013056801