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Are Inflation Targets Good Inflation Forecasts?: A Reprint from “Economic Perspectives”
The authors show that quantified inflation objecti

 
Our Price: $10.00
By Marie Diron (au); Benoit Mojon (au)
Year: 2008
Pages: 12
Binding Paperback

Product Code: 1437906591

Description
 
The authors show that quantified inflation objectives, which have been adopted by many industrialized countries, can be used as rule-of-thumb forecasting devices. Remarkably, they yield smaller forecast errors than widely used forecasting models and the forecasts of professional experts. Tables and figures.

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