Inflation Forecasting in Angola: A Fractional Approach
نویسندگان
چکیده
منابع مشابه
Forecasting Canadian inflation: A semi-structural NKPC approach
a r t i c l e i n f o We examine whether alternative versions of the New Keynesian Phillips Curve equation contain useful information for forecasting the inflation process. We notably consider semi-structural specifications which combine, for closed-and open-economy versions of the model, the structural New Keynesian equation with time series features. Estimation and inference are conducted usi...
متن کاملForecasting medical cost inflation rates: A model comparison approach
a r t i c l e i n f o Due to healthcare costs rising faster than overall cost of living, decision makers (i.e., households, businesses, and governments) must cut back on healthcare utilization or spending elsewhere to be fiscally responsible. Accurate forecasts of future medical costs are critical for efficient planning, budgeting and operating decisions at all levels. This research compares th...
متن کاملInflation Forecasting using a Neural Network
This paper evaluates the usefulness of neural networks for inflation forecasting. In a pseudo out-of-sample forecasting experiment using recent U.S. data, neural networks outperform univariate autoregressive models on average for short horizons of 1 and 2 quarters. A simple specification of the neural network model and specialized estimation procedures from the neural networks literature appear...
متن کاملA State-Dependent Model for Inflation Forecasting
We develop a parsimonious bivariate model of inflation and unemployment that allows for persistent variation in trend inflation and the NAIRU. The model, which consists of five unobserved components (including the trends) with stochastic volatility, implies a time-varying VAR for changes in the rates of inflation and unemployment. The implied backwards-looking Phillips curve has a time-varying ...
متن کاملAre Wages Useful in Forecasting Price Inflation?
Wages and prices are closely related. Wages are an important part of businesses’ costs and are thus tied to their pricing decisions. Similarly, people take the general level of prices into account when figuring out how much pay they deserve for their work. It is intuitive, therefore, that wage data could contain important information about prices and, in particular, might be useful for forecast...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: African Development Review
سال: 2013
ISSN: 1017-6772
DOI: 10.1111/j.1467-8268.2013.12016.x