The unreliability of inflation indicators
Stephen Cecchetti (),
Rita S. Chu and
Current Issues in Economics and Finance, 2000, issue apr
Analysts seeking evidence of rising inflation often focus on the movements of a single indicator_an increase in the price of gold, for example, or a decline in the unemployment rate. But simple statistical tests reveal that such indicators, used in isolation, have very limited predictive power.
Keywords: Inflation (Finance); Economic indicators; Forecasting (search for similar items in EconPapers)
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