Series: IMF Working Papers
Author(s): Francis Kumah
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2006
Keywords: Inflation forecasting, seasonal unit roots, monetary policy stance, error-correction models, VAR, money growth, money supply, inflation forecasts, Forecasting and Other Model Applications, Prices
Adequate modeling of the seasonal structure of consumer prices is essential for inflation forecasting. This paper suggests a new econometric approach for jointly determining inflation forecasts and monetary policy...