Has inflation become harder to forecast
By James H. Stock, Mark W. Watson. 2005
166 citations recorded by the source corpus.
View Paper: https://www.semanticscholar.org/paper/a86f7bf136ec438be804932b8f7d8f1a4d9a2298
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
- Giorgio E. Primiceri
- Gary Koop
- Tom Sargent
- Timothy Cogley
- Joshua C. C. Chan
- Francesco Bianchi
- Christiane Baumeister
- Todd E. Clark
Citations in the corpus
- Real-Time Inflation Forecasting in a Changing World (2009, unknown): “Given the results by Stock and Watson (2007, 2008), it appears that the UCSV model produces forecasts for U.S. inflation rates that are hard to beat by Phillips curve and naive time series models (including the RW model).”
- Monetary Policy Regime Shifts and Inflation Persistence (2009, unknown): “Stock and Watson (2007) conclude that inflation persistence has fallen from roughly 1984 on because a smaller fraction of the variance of changes in inflation is attributable to persistent shocks.”
- Inflation-Gap Persistence in the U.S. (2008, background): “Stock and Watson (2007) examine GDP inflation.”
- (Un)Predictability and Macroeconomic Stability (2006, unknown): “This observation leads to a new interpretation of the results in Atkenson and Ohanian (2001), Stock and Watson (2005b) and D’Agostino and Giannone (2005) about the deterioration of the inflation forecasts on the basis of 14 ECB Working Paper Series No 605 April 2006 Table 2: Relative MSFEs across…”