Forecasting inflation and its determinants

Anca Tanasie and Cosmin Fratostiteanu
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Cosmin Fratostiteanu: University of Craiova, Faculty of Economics and Business Administration, Romania

Revista Tinerilor Economisti (The Young Economists Journal), 2008, vol. 1, issue 10, 110-116

Abstract: VAR modeling in inflation forecasting has been widely used, and rather successful, even if there have been several critiques of its exactness or accuracy. This paper is structured into two sections. The first one accomplishes a general presentation of VAR modeling in forecasting inflation, and the second is focused on the results of this econometric approach for inflation in Romania. Even if we considered methodologies containing inflation measured using CPI, CORE1 and CORE2, testing will only be performed for the CPI Inflation. Data used in mainly provided by statistics issued by the Romanian National Bank, and computing is accomplished using Mathematica 5.0.

Keywords: inflation; VAR models; forecast; Romania (search for similar items in EconPapers)
JEL-codes: G00 G3 (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:aio:rteyej:v:1:y:2008:i:10:p:110-116

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