Showing 1 - 10 of 118,509
as a means for Mauritius to achieve stable inflation, anchor inflationary expectations and establish credibility in … the current monetary policy framework and the challenges in transitioning towards FFIT. Given that forecasting is central … to FFIT, we develop a practical model-based forecasting and policy analysis system (FPAS) to support transition to FFIT …
Persistent link: https://www.econbiz.de/10012611683
We explore the ability of core inflation to predict headline CPI annual inflation for a sample of 8 developing economies in Latin America during the period January 1995-May 2017. Our in-sample and out-of-sample results are roughly consistent in providing evidence of predictability in the great...
Persistent link: https://www.econbiz.de/10012950890
On 4 March 2011, SUERF – The European Money and Finance Forum and the National Bank of Poland jointly organised a conference on the theme of: "Monetary Policy after the Crisis". Following a call for papers with a large number of submissions, the scientific committee selected 9 papers, which...
Persistent link: https://www.econbiz.de/10011710723
In this paper, we study the evolution of inflation expectations for two key emerging economies, Brazil and Turkey, using a reduced form model in a state-space framework, where the level of inflation is modeled explicitly. We match the survey-based inflation expectations and inflation targets set...
Persistent link: https://www.econbiz.de/10010337610
relative to other predictors generally improving in the post-2012 period. An out-of-sample forecasting exercise indicates that …, when monetary and credit aggregates are loaded directly in the forecasting equation, the additional gains over the … and credit variables in forecasting inflation, even if their information content is diluted in a much broader pool of …
Persistent link: https://www.econbiz.de/10011637074
their forecasting properties for the policy rates of the European Central Bank. In this respect the basic rules, results …
Persistent link: https://www.econbiz.de/10012063951
their forecasting properties for the policy rates of the European Central Bank. In this respect the basic rules, results …
Persistent link: https://www.econbiz.de/10012034314
This paper is concerned with inflation targeting as a potential monetary policy objective in a developing economy. Using data from Nicaragua, it first studies the extent to which the Consumer Price Index (CPI) could be used to formulate short-run inflation targets. It is found that due to the...
Persistent link: https://www.econbiz.de/10005752758
Colombia has been on a steady disinflation path since the early 1990s. In this paper, we model the transmission mechanism of monetary policy during this disinflation. We describe how inflation evolves in response to important shocks that occurred during disinflation such as the terms of trade...
Persistent link: https://www.econbiz.de/10012770608
In 1991, the rate of inflation in the Czech Republic, Hungary and Poland was between 35% and 70%. At the end of 2001, it is below 8%. We setup a small structural macro model of these economies to explain the process of disinflation. Contrary to a widespread skepticism, which permeated a large...
Persistent link: https://www.econbiz.de/10014120553