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We analyze forecasts of inflation and GDP growth contained in Banco de México's Survey of Professional Forecasters for …
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In this paper we apply a dynamic factor model to generate out of sample forecasts for the inflation rate in Mexico. We …
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Using forecasts of the Brazilian real and the Mexican peso, we analyze the shape of the loss function of exchange-rate forecasters and the rationality of their forecasts. We find a substantial degree of cross-sectional heterogeneity with respect to the shape of the loss function. While some...
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