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Measures of underlying inflation in the Euro area : assessment and role for informing monetary policy /

The paper evaluates the 24-month ahead inflation forecasting performance of various indicators of underlying inflation and structural models. The inflation forecast errors resulting from model misspecification are larger than the errors resulting from forecasting of exogenous variables. Also, measur...

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Bibliographic Details
Call Number:Libro Electrónico
Main Author: Stavrev, Emil (Author)
Format: Electronic eBook
Language:Inglés
Published: [Washington, D.C.] : International Monetary Fund, Research Dept., ©2006.
Series:IMF working paper ; WP/06/197.
Subjects:
Online Access:Texto completo
Table of Contents:
  • Contents
  • I. INTRODUCTION
  • II. TAXONOMY OF UNDERLYING INFLATION INDICATORS
  • III. FEATURES OF THE INDICATORS
  • IV. FORECASTING METHODOLOGY AND ASSESSMENT OF FORECASTING PERFORMANCE
  • V. CONCLUDING REMARKS
  • References