The low predictive power of simple Phillips curves in Chile
This study uses some backward-looking versions of Phillips curves, estimated from both revised and real-time data, to explore the existence, robustness and size of the contribution that a variety of activity measures may make to the task of predicting inflation in Chile. The main results confirm the findings of the recent international literature: the predictive power of the activity measures considered here is episodic, unstable and of moderate size. This weak predictive contribution is robust to the use of final and real-time data.
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Texto biblioteca |
| Language: | English |
| Published: |
2015-08
|
| Subjects: | CONDICIONES ECONOMICAS, INFLACION, PRONOSTICOS ECONOMICOS, MODELOS ECONOMETRICOS, EVALUACION, ECONOMIC CONDITIONS, INFLATION, ECONOMIC FORECASTS, ECONOMETRIC MODELS, EVALUATION, |
| Online Access: | https://hdl.handle.net/11362/39619 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|