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
Oscar Botero-Ramírez, Andrés Murcia, Hernando Vargas-Herrera
Juliana Jaramillo-Echeverri, Adriana Sofía Rodríguez
Gaurav Khanna, Carlos Alberto Medina-Durango, Anant Nyshadham, Daniel Ramos-Menchelli, Jorge Andrés Tamayo-Castaño, Audrey Tiew
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