Models of Inflation Forecasts: Some Australian Evidence
Keith Chan () and
Toan M. Pham
Additional contact information
Toan M. Pham: School of Banking and Finance, University of New South Wales, Kensington.
Australian Journal of Management, 1990, vol. 15, issue 1, 89-105
This paper provides Australian evidence of the comparative forecasting power of the three inflation models (interest rate, time series, and survey forecasts). In particular, it examines the rationality (in the Muthian sense) of the survey forecasts. The following results are obtained: first, the survey forecasts are rational; and, second, the survey has the highest forecasting power.
Keywords: INFLATION FORECASTS; FISHER EQUATION; RATIONALITY (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:sae:ausman:v:15:y:1990:i:1:p:89-105
Access Statistics for this article
More articles in Australian Journal of Management from Australian School of Business
Bibliographic data for series maintained by SAGE Publications ().