Inflation Reports and Models: How Well Do Central Banks Really Write?

Inflation Reports and Models: How Well Do Central Banks Really Write?
We offer a novel methodology for assessing the quality of inflation reports. In contrast to the existing literature, which mostly evaluates the formal quality of these reports, we evaluate their economic content by comparing inflation factors reported by the central banks with ex-post model-identified factors. Regarding the former, we use verbal... READ MORE...

Publication date: May 2014
ISBN 9781498387613
$18.00

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