Federal Reserve Bank of Chicago
Forecasting inflation and the Great Recession
This article shows how the recovery of inflation in 2009-10 occurred precisely at the only time (since 1985) the models would predict disinflation, i.e., inflation went up when the models said it should go down.
Cite this item
Marco Bassetto & Todd Messer & Christine Ostrowski, "Forecasting inflation and the Great Recession"
, Federal Reserve Bank of Chicago, Economic Perspectives, issue Q III, pages 79-106, 2013.
Keywords: Inflation (Finance) ; Recessions
This item with handle RePEc:fip:fedhep:y:2013:i:qiii:p:79-106:n:v.37no.3
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