The Role of Seasonality and Monetary Policy in Inflation Forecasting

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 pronounced. In an application of the framework,... READ MORE...

Publication date: July 2006
ISBN 9781451864359
$15.00

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