Forecasting Thailand's core inflation /

Forecasting Thailand's core inflation /

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Bibliographic Details
Author / Creator:	Sun, Tao (Economist), author.
Imprint:	[Washingon D.C.] : International Monetary Fund, ©2004.
Description:	1 online resource (28 pages).
Language:	English
Series:	IMF working paper, 2227-8885 ; WP/04/90 IMF working paper ; WP/04/90.
Subject:	Inflation (Finance) -- Thailand -- Forecasting. Inflation (Finance) -- Forecasting. Thailand. Electronic books.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12497477

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund. Asia and Pacific Department, issuing body.
ISBN:	1451897294 9781451897296 1281328715 9781281328717 9781451851427 1451851421
ISSN:	2227-8885
Notes:	Includes bibliographical references. Restrictions unspecified Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 digitized 2010 HathiTrust Digital Library committed to preserve Print version record.
Summary:	This paper develops an approach for forecasting in Thailand core inflation. The key innovation is to anchor the projections derived from the short-term time-series properties of core inflation to its longer-run evolution. This involves combining a short-term model, which attempts to distill the forecasting power of a variety of monthly indicators purely on goodness-of-fit criteria, with an equilibrium-correction model that pins down the convergence of core inflation to its longer-run structural determinants. The result is a promising model for forecasting Thai core inflation over horizons up to 10, 24, and 55 months, based on a root mean-squared error criterion as well as a mean absolute error criterion.
Other form:	Print version: Sun, Tao. Forecasting Thailand's core inflation. [Washingon D.C.] : International Monetary Fund, ©2004
Standard no.:	10.5089/9781451897296.001

Description
Summary:	This paper develops an approach for forecasting in Thailand core inflation. The key innovation is to anchor the projections derived from the short-term time-series properties of core inflation to its longer-run evolution. This involves combining a short-term model, which attempts to distill the forecasting power of a variety of monthly indicators purely on goodness-of-fit criteria, with an equilibrium-correction model that pins down the convergence of core inflation to its longer-run structural determinants. The result is a promising model for forecasting Thai core inflation over horizons up to 10, 24, and 55 months, based on a root mean-squared error criterion as well as a mean absolute error criterion.
Physical Description:	1 online resource (28 pages).
Format:	Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Bibliography:	Includes bibliographical references.
ISBN:	1451897294 9781451897296 1281328715 9781281328717 9781451851427 1451851421
ISSN:	2227-8885 2227-8885 ;