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,...
Main Authors: | , |
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Format: | Article |
Language: | Indonesian |
Published: |
Bank Indonesia
2019-12-01
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Series: | Bulletin Ekonomi Moneter dan Perbankan |
Subjects: | |
Online Access: | https://doi.org/10.21098/bemp.v22i4.1235 |