Journal Article

In search of a robust inflation forecast


Abstract: It is difficult to consistently improve upon forecasts of inflation based solely on the most recent data on inflation. In this article, we show how to do so. Our main finding is that the most robust forecasts combine information from several different forecasting models, each of which incorporates the information in the available inflation indicators in different ways.

Keywords: Inflation (Finance);

Authors

Bibliographic Information

Provider: Federal Reserve Bank of Chicago

Part of Series: Economic Perspectives

Publication Date: 2004

Volume: 28

Issue: Q IV

Pages: 12-31