Series: IMF Working Papers
Author(s): Ales Bulir , Jaromír Hurník , and Katerina Smidkova
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 29 May 2014
Keywords: Kalman filter, monetary policy communication, inflation, central bank, aggregate demand, Forecasting and Simulation, Forecasting and Simulation,
We offer a novel methodology for assessing the quality of inflation reports. In contrast to the existing literature, which mostly evaluates the formal quality of these reports, we evaluate their economic content by...