It takes the average reader and 22 minutes to read How to Improve Inflation Forecasting in Canada by Mr.Troy D Matheson
Assuming a reading speed of 250 words per minute. Learn more
Against the backdrop of an ongoing review of the inflation-targeting framework, this paper examines the real-time inflation forecasts of the Bank of Canada with the aim of identifying potential areas for improvement. Not surprisingly, the results show that errors in forecasting non-core inflation (commodity prices etc.) are found to be the largest contributors to overall inflation forecast errors. Perhaps more importantly, relatively small core inflation forecast errors appear to mask large and offsetting errors related to the output gap and the policy interest rate, partly reflecting a tendency to overestimate the neutral nominal policy rate in real time. Faced with these uncertainties, the Governing Council’s gradual approach to changing its policy settings appears to have served it well.
How to Improve Inflation Forecasting in Canada by Mr.Troy D Matheson is 22 pages long, and a total of 5,544 words.
This makes it 7% the length of the average book. It also has 7% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 30 minutes to read How to Improve Inflation Forecasting in Canada aloud.
How to Improve Inflation Forecasting in Canada is suitable for students ages 8 and up.
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