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dc.contributor.authorKichian, Maralen
dc.contributor.authorRumler, Fabioen
dc.contributor.authorCorrigan, Paulen
dc.date.accessioned2010-12-30-
dc.date.accessioned2011-12-15T12:58:56Z-
dc.date.available2011-12-15T12:58:56Z-
dc.date.issued2010-
dc.identifier.pidoi:10.34989/swp-2010-34en
dc.identifier.urihttp://hdl.handle.net/10419/53970-
dc.description.abstractWe propose alternative single-equation semi-structural models for forecasting inflation in Canada, whereby structural New Keynesian models are combined with time-series features in the data. Several marginal cost measures are used, including one that in addition to unit labour cost also integrates relative price shocks known to play an important role in open-economies. Structural estimation and testing is conducted using identification-robust methods that are valid whatever the identification status of the econometric model. We find that our semi-structural models perform better than various strictly structural and conventional time series models. In the latter case, forecasting performance is significantly better, both in the short run and in the medium run.en
dc.language.isoengen
dc.publisher|aBank of Canada |cOttawaen
dc.relation.ispartofseries|aBank of Canada Working Paper |x2010-34en
dc.subject.jelC13en
dc.subject.jelC53en
dc.subject.jelE31en
dc.subject.ddc330en
dc.subject.keywordInflation and pricesen
dc.subject.keywordEconometric and statistical methodsen
dc.subject.stwInflationsrateen
dc.subject.stwPrognoseen
dc.subject.stwPrognoseverfahrenen
dc.subject.stwLohnstückkostenen
dc.subject.stwAußenwirtschaften
dc.subject.stwZeitreihenanalyseen
dc.subject.stwKanadaen
dc.titleSemi-structural models for inflation forecasting-
dc.typeWorking Paperen
dc.identifier.ppn64254557Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:bca:bocawp:10-34en

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