Add to ORKGThere are many types of econometric models used in predicting the inflation rate, but in this study we used a Bayesian shrinkage combination approach. This methodology is used in order to improve the predictions accuracy by including information that is not captured by the econometric models. Therefore, experts’ forecasts are utilized as prior information, for Romania these predictions being provided by Institute for Economic Forecasting (Dobrescu macromodel), National Commission for Prognosis and European Commission. The empirical results for Romanian inflation show the superiority of a fixed effects model compared to other types of econometric models like VAR, Bayesian VAR, simultaneous equations model, dynamic model, log-linear model. Th...
The supremacy of Bayesian VAR models over the classical ones in terms of forecasting accuracy is wel...
In this paper we focus on the development of multiple time series models for forecasting Irish Infla...
In this study, we proposed some inflation rate predictions based on econometric models that performe...
Abstract There are many types of econometric models used in predicting the inflation rate, but in th...
In this paper we applied the regression approach and Bayesian inference to obtain more accurate fore...
Forecasting of inflation has become crucial for both policy makers and private agents who try to und...
Typically, when forecasting inflation rates, there are a variety of individual models and a combinat...
Typically, central banks use a variety of individual models (or a combination of models) when foreca...
An empirical strategy of improving the forecasts accuracy is proposed in this article starting fro...
Bayesian econometrics knew a considerable increase in popularity in the last years, joining the inte...
<p><em>In order to explain clearly inflation forecasting and the dynamic of Tunisian prices, this pa...
In order to explain clearly inflation forecasting and the dynamic of Tunisian prices, this paper use...
The necessity of improving the forecasts accuracy grew in the context of actual economic crisis, but...
The necessity of improving the forecasts accuracy grew in the context of actual economic crisis, but...
This study compares several Bayesian vector autoregressive (VAR) models for forecasting price inflat...
The supremacy of Bayesian VAR models over the classical ones in terms of forecasting accuracy is wel...
In this paper we focus on the development of multiple time series models for forecasting Irish Infla...
In this study, we proposed some inflation rate predictions based on econometric models that performe...
Abstract There are many types of econometric models used in predicting the inflation rate, but in th...
In this paper we applied the regression approach and Bayesian inference to obtain more accurate fore...
Forecasting of inflation has become crucial for both policy makers and private agents who try to und...
Typically, when forecasting inflation rates, there are a variety of individual models and a combinat...
Typically, central banks use a variety of individual models (or a combination of models) when foreca...
An empirical strategy of improving the forecasts accuracy is proposed in this article starting fro...
Bayesian econometrics knew a considerable increase in popularity in the last years, joining the inte...
<p><em>In order to explain clearly inflation forecasting and the dynamic of Tunisian prices, this pa...
In order to explain clearly inflation forecasting and the dynamic of Tunisian prices, this paper use...
The necessity of improving the forecasts accuracy grew in the context of actual economic crisis, but...
The necessity of improving the forecasts accuracy grew in the context of actual economic crisis, but...
This study compares several Bayesian vector autoregressive (VAR) models for forecasting price inflat...
The supremacy of Bayesian VAR models over the classical ones in terms of forecasting accuracy is wel...
In this paper we focus on the development of multiple time series models for forecasting Irish Infla...
In this study, we proposed some inflation rate predictions based on econometric models that performe...