We analyze forecasts of inflation and GDP growth contained in Banco de México's Survey of Professional Forecasters for …-dimensional panel with multiple individual forecasters, target years, and forecast horizons. The fixed-event nature of the forecasts …, for instance, by taking into account the positive autocorrelation found in forecast revisions. -- Evaluating forecasts …

In this paper we apply a dynamic factor model to generate out of sample forecasts for the inflation rate in Mexico. We … disaggregated data to forecast inflation. Our data set contains 54 macroeconomic series and 243 CPI subcomponents from 1988 to 2008 … information ; Principal components ; Forecast evaluation. …

data of exchange-rate forecasts look rational, and the loss function seems to depend not only on the forecast error. …