On the rationality and efficiency of inflation forecasts: Evidence from advanced and emerging market economies
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DOI: 10.1016/j.ribaf.2017.01.007
Abstract: This paper provides a full characterization of inflation rate forecasts using the mean values from Consensus Economics for a sample of 78 advanced and emerging economies between 1989 and 2014. It also assesses the performance… read more here.
Keywords: efficiency inflation; rationality efficiency; evidence; inflation forecasts ... See more keywords