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The role of seasonality and monetary policy in inflation forecasting /

Adequate modeling of the seasonal structure of consumer prices is essential for inflation forecasting. This paper suggests a new econometric approach for jointly determining inflation forecasts and monetary policy stances, particularly where seasonal fluctuations of economic activity and prices are...

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Bibliographic Details
Call Number:Libro Electrónico
Main Author: Kumah, Francis Y. (Author)
Format: Electronic eBook
Language:Inglés
Published: [Washington, D.C.] : International Monetary Fund, ©2006.
Series:IMF working paper ; WP/06/175.
Subjects:
Online Access:Texto completo
Table of Contents:
  • Contents
  • I. INTRODUCTION
  • II. INFLATION AND MONETARY POLICY IN THE KYRGYZ REPUBLIC
  • III. SEASONAL CHARACTERISTICS OF CONSUMER PRICES
  • IV. MODELING AND FORECASTING INFLATION
  • V. CONCLUDING REMARKS
  • References
  • Appendix. Further Empirical Results