Forecasting Inflation in Chile Using State-Space and Regime-Switching Models

Forecasting Inflation in Chile Using State-Space and Regime-Switching Models
The paper estimates two time-varying parameter models of Chilean inflation: a Phillips curve model and a small open economy model. Their out-of-sample forecasts are compared with those of simple Box-Jenkins models. The main findings are; forecasts that include the pre-announced inflation target as a regressor are relatively better; the Phillips... READ MORE...

Publication date: October 2000
ISBN 9781451857863
$15.00

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