FORECASTING INDONESIAN INFLATION WITHIN AN INFLATION-TARGETING FRAMEWORK: DO LARGE-SCALE MODELS PAY OFF?

We examine the usefulness of large-scale inflation forecasting models in Indonesia within an inflation-targeting framework. Using a dynamic model averaging approach to address three issues the policymaker faces when forecasting inflation, namely, parameter, predictor, and model uncertainties,...

Full description

Bibliographic Details
Main Authors: Solikin M. Juhro, Bernard Njindan Iyke
Format: Article
Language:Indonesian
Published: Bank Indonesia 2019-12-01
Series:Bulletin Ekonomi Moneter dan Perbankan
Subjects:
Online Access:https://doi.org/10.21098/bemp.v22i4.1235