Christopher McDonald

Reserve Bank of New Zealand

Dr

2 The Terrace

PO Box 2498

Wellington, 6140

New Zealand

  • Reserve Bank of New Zealand

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Assessing the Economic Value of Probabilistic Forecasts in the Presence of an Inflation Target

CAMA Working Paper No. 40/2016
Number of pages: 45 Posted: 29 Jun 2016
Christopher McDonald, Craig Thamotheram, Shaun P. Vahey and Elizabeth C. Wakerly
Reserve Bank of New Zealand, University of Cardiff, University of Warwick - Warwick Business School and University of East Anglia (UEA) - School of Economic and Social Studies
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Abstract:

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Forecasting inflation, Inflation targeting, Cost-loss ratio, Forecast evaluation, Monetary policy