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inflation rates of Turkey and propose a new weighting scheme, the time-varying simple weighting method. Our guiding principle … the exhaustive literature of forecast combinations and apply our newly developed combination method to test for the … prospective credibility of the inflation-targeting regime of the central bank of the Republic of Turkey …
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-cycle states. We show that forecasts for recessions are subject to a large negative systematic forecast error (forecasters … overestimate growth), while forecasts for recoveries are subject to a positive systematic forecast error. Forecasts made for … expansions have, if anything, a small systematic forecast error for large forecast horizons. When we link information about the …
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corrections to reach the desired policy goals. This paper develops a group of models to forecast inflation for Argentina, which … show that the BVAR model can improve the forecast ability of the univariate autoregressive benchmark's model of inflation …During the year 2016, the Central Bank of Argentina has begun to announce inflation targets. In this context, providing …
Persistent link: https://www.econbiz.de/10011846246
desired policy goals. This paper develops a group of models to forecast inflation for Argentina, which includes autoregressive … can improve the forecast ability of the univariate autoregressive benchmark’s model of inflation. The Giacomini-White test …In 2016 the Central Bank of Argentina began to announce inflation targets. In this context, providing authorities with …
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