Working paper
Forecasting UK Inflation: the Roles of Structural Breaks and Time Disaggregation
- Abstract:
-
Structural models’ inflation forecasts are often inferior to those of naive devices. This chapter theoretically and empirically assesses this for UK annual and quarterly inflation, using the theoretical framework in Clements and Hendry (1998, 1999). Forecasts from equilibrium-correction mechanisms, built by automatic model selection, are compared to various robust devices. Forecast-error taxonomies for aggregated and time-disaggregated information reveal that the impacts of structural breaks ...
Expand abstract
Actions
Authors
Bibliographic Details
- Publisher:
- Department of Economics (University of Oxford)
- Series:
- Discussion paper series
- Publication date:
- 2007-02-06
Item Description
- Language:
- English
- UUID:
-
uuid:305aa71d-dc14-4700-941a-3d887712c6ad
- Local pid:
- ora:1348
- Deposit date:
- 2011-08-16
Related Items
Terms of use
- Copyright date:
- 2007
If you are the owner of this record, you can report an update to it here: Report update to this record