Title of article :
Predictable non-linearities in U.S. inflation
Author/Authors :
Jane M. Binner، نويسنده , , C. Thomas Elger، نويسنده , , Birger Nilsson، نويسنده , , Jonathan A. Tepper، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2006
Abstract :
This paper compares the out-of-sample inflation forecasting performance of two non-linear models; a neural network and a Markov switching autoregressive (MS-AR) model. We find that predictable non-linearities in inflation are best accounted for by the MS-AR model.
Keywords :
Inflation forecasting , Markov switching models , Recurrent neural networks
Journal title :
Economics Letters
Journal title :
Economics Letters
