Download This PaperAn Operational Framework for the Short-Term Forecasting of Inflation
Economic Bulletin, No. 29, October 2007
18 Pages Posted: 8 Mar 2018
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An Operational Framework for the Short-Term Forecasting of Inflation
Economic Bulletin, No. 29, October 2007
Number of pages: 18
Posted: 08 Mar 2018
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An Operational Framework for the Short-Term Forecasting of Inflation
Bank of Greece Economic Bulletin, Issue 29, Article 3
Number of pages: 18
Posted: 21 Jul 2022
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16
Date Written: 2007
Abstract
The main purpose of this paper was to achieve a judicious blend and an effective conjunction of purely judgmental forecasts and mechanical projections which take into account the determinants of inflation. The empirical results of the paper suggest that, for the current as well as for the upcoming month, inflation forecasting is more accurate when performed on a judgmental basis by price experts.
Keywords: Inflation, Forecasting, Loss Functions
JEL Classification: C32, C51, C52
Suggested Citation: Suggested Citation
Albani, Maria and Bragoudakis, Zacharias and Zonzilos, Nicholas, An Operational Framework for the Short-Term Forecasting of Inflation (2007). Economic Bulletin, No. 29, October 2007, Available at SSRN: https://ssrn.com/abstract=3128075
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