Borradores de Economia
Número:
853
Publicado:
Clasificación JEL:
C22, C53, C11, E31
Palabras clave:
Bayesian Shrinkage, Inflation Forecast Combination, Internal Forecasts, Rolling window estimation
Lo más reciente
Daniel Herrera-Araujo, Jorge Florez-Acosta
Luis Armando Galvis-Aponte, Adriana Marcela Rivera-Zárate
Diego Fernando Cuesta-Mora, Fredy Alejandro Gamboa-Estrada, Camilo Eduardo Sánchez-Quinto
Typically, central banks use a variety of individual models (or a combination of models) when forecasting inflation rates. Most of these require excessive amounts of data, time, and computational power; all of which are scarce when monetary authorities me