Do core inflation measures help forecast inflation? Out-of-sample evidence from French data
نویسندگان
چکیده
This paper compares the ability of four indicators of underlying or ‘core’ inflation to forecast inflation in the French case. Though most indicators Granger-cause inflation, results from out of sample tests of forecast accuracy are less compelling. The results nevertheless seem to give some empirical support to trimmed mean indicators. 2000 Elsevier Science S.A. All rights reserved.
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