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Bank of England, Centre for Central Banking Studies

September 27-30, 2010
IFCB - Inflation forecasting in central banks
London, United Kingdom
Given the long and uncertain lags in the monetary transmission mechanism, all central banks have to forecast the main variables that they are interested in. But academics and policymakers alike have found that inflation has become more difficult to forecast, not least because of changes in the underlying inflation process. Even during periods of stability in underlying macroeconomic variables, it has become more difficult for an inflation forecaster to provide value-added beyond a univariate forecast. This event will combine lectures on inflation forecasting theory and computer-based exercises on each topic. The following topics will be covered: ?? the econometric modelling and forecasting of inflation in central banks; ?? using a ???suite?? of statistical and theoretical forecasting models; ?? tools for forecast evaluation; ?? constructing and using a fan chart of inflation forecasts; and ?? forecast communication. [gem?_?? den Informationen des Anbieters - according to site editor's information] The website is no longer available. [Redaktion EconBiz - editors EconBiz]
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