Forecasting Inflation with Fundamentals... It's Hard!

Jan Groen

No 20141105, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: Controlling inflation is at the core of monetary policymaking, and central bankers would like to have access to reliable inflation forecasts to assess their progress in achieving this goal. Producing accurate inflation forecasts, however, turns out not to be a trivial exercise. This posts reviews the key challenges in inflation forecasting and discusses some recent developments that attempt to deal with these challenges.

Keywords: Inflation; forecasting (search for similar items in EconPapers)
JEL-codes: E2 E5 (search for similar items in EconPapers)
Date: 2014-11-05
New Economics Papers: this item is included in nep-mac and nep-mon
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