Has US inflation really become harder to forecast?

Markku Lanne and Jani Luoto

Economics Letters, 2012, vol. 115, issue 3, pages 383-386

Abstract: Since the mid-1980s, Phillips curve forecasts of US inflation have been inferior to those of a conventional causal autoregression. However, little change in forecast accuracy is detected against the benchmark of a noncausal autoregression, more accurately characterizing US inflation dynamics.

Keywords: Inflation forecast; Noncausal time series; Phillips curve (search for similar items in EconPapers)
JEL-codes: C22 C53 E31 (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165176511006112
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Has U.S. Inflation Really Become Harder to Forecast? (2010)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:eee:ecolet:v:115:y:2012:i:3:p:383-386

Access Statistics for this article

Economics Letters is edited by Economics Letters Editorial Office

More articles in Economics Letters from Elsevier
Series data maintained by Wendy Shamier ().