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Searching for the Best Inflation Forecasters within an Employment Survey: Microdata Evidence from Chile
(Pontificia Universidad Católica del Perú, 2022-08-01)
This article aims to evaluate quantitative inflation forecasts for the Chilean economy, taking advantage of a specific survey of consumer perceptions at the individual microdata level, which, at the same time, is linked ...
A Power Booster Factor for Out-of-Sample Tests of Predictability
(Pontificia Universidad Católica del Perú, 2022-08-01)
In this paper we introduce a “power booster factor” for out-of-sample tests of predictability. The relevant econometric environment is one in which the econometrician wants to compare the population Mean Squared Prediction ...
Modeling the trend, persistence, and volatility of inflation in Pacific Alliance countries: an empirical application using a model with inflation bands
(Pontificia Universidad Católica del Perú. Departamento de Economía, 2024-02)
This paper estimates and analyzes the dynamics of trend inflation, as well as the persistence and
volatility of the inflation gap in the Pacific Alliance countries (Chile, Colombia, Mexico, and Peru). For this purpose, ...