New methods for forecasting inflation and its sub-components: application to the USA
Forecasts are presented for the 12-month ahead US rate of inflation measured by the chain weighted personal consumer expenditure deflator, PC, and its three main components: non-durable goods, durable goods and services. Monthly models are estimated for 1974 to 1999, and pseudo out-of-sample foreca...
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| Format: | Working paper |
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University of Oxford
2008
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