Dmytro Krukovets, Olesia Verchenko
The
ability
to
produce
high-quality
inflation
forecasts
is
crucial
for
modern
central
banks.
Inflation
forecasts
are
needed
for
understanding
current
and
forthcoming
inflation
trends,
evaluating
the
effectiveness
of
previous
policy
actions,
making
new
policy
decisions,
and
building
the
credibility
of
...
Nadiia Shapovalenko
This
paper
reviews
the
suite
of
models
the
National
Bank
of
Ukraine
uses
for
short-term
forecasting
of
CPI
components.
I
examine
the
forecasting
accuracy
of
the
following
econometric
models:
univariate
models,
VAR,
FAVAR,
Bayesian
VAR
models,
and
Error
Correction
models.
...