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minimizes the pitfalls associated with potential structural breaks. Exchange rate forecasting, inflation forecasting, output …
Persistent link: https://www.econbiz.de/10009011332
Historically, exchange rate forecasting models have exhibited poor out-of-sample performances and were inferior to the random walk model. Monthly panel data from 1973 to 2014 for ten currency pairs of OECD countries are used to make out-of sample forecasts with artificial neural networks and...
Persistent link: https://www.econbiz.de/10012813245
We evaluate whether survey-based indicators produce lower forecast errors for export growth than indicators obtained from hard data such as price and cost competitiveness measures. Our pseudo out-of-sample analyzes and forecast encompassing tests reveal that survey-based indicators outperform...
Persistent link: https://www.econbiz.de/10011479957
This paper assesses the performance of monetary indicators in predicting euro area HICP inflation out-of-sample over …. The results suggest that monetary indicators are still useful indicators for inflation in the euro area, but that a … inflation. …
Persistent link: https://www.econbiz.de/10010295806
indicators in predicting euro area HICP inflation out-of-sample over the period first quarter 1999 till third quarter 2006 …
Persistent link: https://www.econbiz.de/10011604913
theoretical predictions and simulations are corroborated when forecasting aggregate US inflation pre- and post 1984 using …
Persistent link: https://www.econbiz.de/10011605201
This paper reinvestigates the performance of trimmed-mean inflation measures some 20 years since their inception … measures in forecasting headline inflation. …
Persistent link: https://www.econbiz.de/10010251647
Survey-based expectations are mostly used by monetary authorities for inflation forecasts and evaluation of the … credibility of their inflation fighting policies. It is also an important link in the monetary policy transmission mechanism. This … study examined the predictive ability of business expectations survey (BES) inflation index on movements of inflation as …
Persistent link: https://www.econbiz.de/10011473533
Persistent link: https://www.econbiz.de/10013270502
patterns in economic activity and inflation following oil price shocks in the euro area. In the normal regime, oil price shocks … followed by sizeable and sustained macroeconomic fluctuations, with inflation and economic activity moving in the same … direction as the oil price. The responses of inflation expectations and wage growth point to second-round effects as a potential …
Persistent link: https://www.econbiz.de/10011771984