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Models of Inflation Forecasts: Some Australian Evidence

Keith Chan () and Toan M. Pham
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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

Abstract: 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)
Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:sae:ausman:v:15:y:1990:i:1:p:89-105

DOI: 10.1177/031289629001500104

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