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dc.contributor.authorPincheira-Brown, Pablo
dc.contributor.authorSelaive, Jorge
dc.contributor.authorNolazco-Cama, José-Luis
dc.contributor.otherNolazco-Cama, José-Luises_PE
dc.date.accessioned2019-06-17T19:21:30Z
dc.date.available2019-06-17T19:21:30Z
dc.date.issued2019
dc.identifier.citationPincheira, Selaive, J. & Nolazco, J. L. (2019). Forecasting inflation in Latin America with core measures. International Journal of Forecasting, 35(3). doi:10.1016/j.ijforecast.2019.04.011
dc.identifier.issn0169-2070
dc.identifier.urihttps://hdl.handle.net/20.500.12724/8514
dc.descriptionIndexado en Scopus
dc.description.abstractWe explore the ability of core inflation to predict headline CPI annual inflation for a sample of eight developing economies in Latin America over the period January 1995–May 2017. Our in-sample and out-of-sample results are roughly consistent in providing robust evidence of predictability in four of the countries in our sample. Mixed evidence is found for the other four countries. The bulk of the out-of-sample evidence of predictability concentrates on the short horizons of one and six months. In contrast, at the longest horizon of 24 months, we only find out-of-sample evidence of predictability for two countries: Chile and Colombia, with robust results only for the latter. This is both important and challenging, given that the monetary authorities in our sample of developing countries are currently implementing or are taking steps toward the future implementation of inflation targeting regimes, which are based heavily on long-run inflation forecasts.en
dc.language.isoengen
dc.publisherUniversidad Adolfo Ibáñezes
dc.relation.urihttps://www.sciencedirect.com/science/article/pii/S0169207019300718
dc.rightsinfo:eu-repo/semantics/restrictedAccessen
dc.sourceUniversidad de Limaes_PE
dc.sourceRepositorio Institucional - Ulimaes_PE
dc.subjectProspectivaes
dc.subjectInflación
dc.subjectProspective
dc.subjectInflation (Finance)
dc.subjectAmérica Latina
dc.subject.classificationCiencias empresariales y económicas / Economíaes
dc.titleForecasting inflation in Latin America with core measuresen
dc.typeinfo:eu-repo/semantics/articlees_PE
dc.type.otherArtículo en Scopuses_PE
dc.identifier.journalInternational Journal of Forecasting
dc.publisher.countryChilees
dc.description.peer-reviewRevisión por pares


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