Economics at your fingertips  

Inflation Analysis: An Overview

Terry Quinn, Geoff Kenny and Aidan Meyler

MPRA Paper from University Library of Munich, Germany

Abstract: The purpose of this article is to describe how inflation analysis and forecasting has been carried out in the Bank, with particular emphasis on recent research and the new challenges facing the Bank following the launch of the euro on 1 January 1999. Broadly speaking the approach adopted by the Bank over a number of years has been an eclectic one which combines judgement and a range of formal approaches. The latter include structural models which are strongly influenced by basic macroeconomic theories of the small open economy (SOE), indicator analysis, including a composite leading indicator, and time series methods such as autoregressive integrated moving average (ARIMA), vector autoregressive (VAR) and Bayesian VAR (BVAR) models. The emphasis on particular methodologies has evolved over time but in all cases judgement has played a central role.

Keywords: inflation analysis and forecasting; judgement; small open economy; ARIMA; BVAR (search for similar items in EconPapers)
JEL-codes: E31 E30 E37 (search for similar items in EconPapers)
Date: 1999-03
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Published in Central Bank and Financial Services Authority of Ireland Technical Paper Series 1/RT/1999.1999(1999): pp. 1-22

Downloads: (external link) original version (application/pdf)

Related works:
Working Paper: Inflation Analysis: An Overview (1999) Downloads
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:

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().

Page updated 2021-04-17
Handle: RePEc:pra:mprapa:11361