• Economics
  • Published 2002

G-7 Inflation Forecasts

  title={G-7 Inflation Forecasts},
  author={Fabio Canova},
This Paper compares the forecasting performance of some leading models of inflation for the cross section of G-7 countries. We show that bivariate and trivariate models suggested by economic theory or statistical analysis are hardly better than univariate models. Phillips curve specifications fit well into this class. Significant improvements in both the MSE of the forecasts and turning point prediction are obtained with time-varying coefficients models that exploit international… CONTINUE READING

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