Modelling multi-period inflation uncerta
β
Kajal Lahiri; Fushang Liu
π
Article
π
2006
π
John Wiley and Sons
π
English
β 194 KB
## Abstract This paper examines the determinants of inflation forecast uncertainty using a panel of density forecasts from the Survey of Professional Forecasters (SPF). Based on a dynamic heterogeneous panel data model, we find that the persistence in forecast uncertainty is much less than what the