Evolving Weights for a New U.k. Divisia
نویسندگان
چکیده
Divisia money is a monetary aggregate that gives each component an assigned weight. We use an evolutionary neural network to calculate new Divisia weights for each component utilising the Bank of England monetary data for the U.K. We propose a new money aggregate using our newly derived weights to carry out quantitative inflation prediction. The results show that this new money aggregate has better inflation forecasting performance than the traditionally constructed Bank of England Divisia money.
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