Measures of Underlying Inflation in the Euro Area : Assessment and Role for Informing Monetary Policy

Assessment and Role for Informing Monetary Policy

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, measures derived using the generalized dynamic factor... READ MORE...

Publication date: August 2006
ISBN 9781451864571
$18.00

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