The low predictive power of simple Phillips curves in Chile

This study uses some backward-looking versions of Phillips curves, estimated from both revised and real-time data, to explore the existence, robustness and size of the contribution that a variety of activity measures may make to the task of predicting inflation in Chile. The main results confirm the...

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Autores principales:	Pincheira Brown, Pablo, Rubio Hurtado, Hernán
Formato:	Texto
Lenguaje:	English
Publicado:	2015
Materias:	CONDICIONES ECONOMICAS INFLACION PRONOSTICOS ECONOMICOS MODELOS ECONOMETRICOS EVALUACION ECONOMIC CONDITIONS INFLATION ECONOMIC FORECASTS ECONOMETRIC MODELS EVALUATION
Acceso en línea:	http://hdl.handle.net/11362/39619
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spelling	oai-11362-396192020-03-06T16:50:27Z The low predictive power of simple Phillips curves in Chile Pincheira Brown, Pablo Rubio Hurtado, Hernán CONDICIONES ECONOMICAS INFLACION PRONOSTICOS ECONOMICOS MODELOS ECONOMETRICOS EVALUACION ECONOMIC CONDITIONS INFLATION ECONOMIC FORECASTS ECONOMETRIC MODELS EVALUATION This study uses some backward-looking versions of Phillips curves, estimated from both revised and real-time data, to explore the existence, robustness and size of the contribution that a variety of activity measures may make to the task of predicting inflation in Chile. The main results confirm the findings of the recent international literature: the predictive power of the activity measures considered here is episodic, unstable and of moderate size. This weak predictive contribution is robust to the use of final and real-time data. 2015-12-22T12:44:08Z 2015-12-22T12:44:08Z 2015-08 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/39619 LC/G.2643-P 10 en CEPAL Review CEPAL Review 116 .pdf application/pdf CHILE CHILE
institution	Cepal
collection	Cepal
language	English
topic	CONDICIONES ECONOMICAS INFLACION PRONOSTICOS ECONOMICOS MODELOS ECONOMETRICOS EVALUACION ECONOMIC CONDITIONS INFLATION ECONOMIC FORECASTS ECONOMETRIC MODELS EVALUATION
spellingShingle	CONDICIONES ECONOMICAS INFLACION PRONOSTICOS ECONOMICOS MODELOS ECONOMETRICOS EVALUACION ECONOMIC CONDITIONS INFLATION ECONOMIC FORECASTS ECONOMETRIC MODELS EVALUATION Pincheira Brown, Pablo Rubio Hurtado, Hernán The low predictive power of simple Phillips curves in Chile
description	This study uses some backward-looking versions of Phillips curves, estimated from both revised and real-time data, to explore the existence, robustness and size of the contribution that a variety of activity measures may make to the task of predicting inflation in Chile. The main results confirm the findings of the recent international literature: the predictive power of the activity measures considered here is episodic, unstable and of moderate size. This weak predictive contribution is robust to the use of final and real-time data.
format	Texto
author	Pincheira Brown, Pablo Rubio Hurtado, Hernán
author_facet	Pincheira Brown, Pablo Rubio Hurtado, Hernán
author_sort	Pincheira Brown, Pablo
title	The low predictive power of simple Phillips curves in Chile
title_short	The low predictive power of simple Phillips curves in Chile
title_full	The low predictive power of simple Phillips curves in Chile
title_fullStr	The low predictive power of simple Phillips curves in Chile
title_full_unstemmed	The low predictive power of simple Phillips curves in Chile
title_sort	low predictive power of simple phillips curves in chile
publishDate	2015
url	http://hdl.handle.net/11362/39619
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The low predictive power of simple Phillips curves in Chile

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