Template-Type: ReDIF-Paper 1.0
Author-Name: Ooft, G.
Author-Name-Last: Ooft
Author-Name-First: Gavin
Author-Name: Bhaghoe, S.
Author-Name-Last: Bhaghoe
Author-Name-First: Sailesh
Author-Name: Franses, Ph.H.B.F.
Author-Name-Last: Franses
Author-Name-First: Philip Hans
Author-Person: pfr226
Title: Forecasting Annual Inflation in Suriname
Abstract: For many countries, statistical information on macroeconomic variables is not abundant and
 hence creating forecasts can be cumbersome. This paper addresses the creation of current year
 forecasts from a MIDAS regression for annual inflation rates where monthly inflation rates are
 the explanatory variables, and where the latter are only available for the last one and a half
 decade. The model can be viewed as a hybrid New-Keynesian Philips curve (NKPC). Specific
 focus is given to the forecast accuracy concerning the high inflation period in 2016-2017.
Length: 22
Creation-Date: 2019-09-01
File-URL: https://repub.eur.nl/pub/120337/EI2019-32.pdf
File-Format: application/pdf
Series: RePEc:ems:eureir
Number: EI2019-32
Classification-JEL: E12, E17
Keywords: Inflation, New Keynesian Phillips curve, Rational Expectations, MIDAS Regression, Forecasting
Handle: RePEc:ems:eureir:120337