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W1481555596 abstract "Professional forecasters in the Czech Republic made large average absolute and relative errors in inflation forecasts between 1998 and 2007. However, these errors were, in a majority of institutions, exclusively due to inaccurate forecast of exchange rate development. Although forecasters learned from their past forecast errors, the exchange rate forecast errors persisted. Nevertheless, some of the forecasting institutions, such as the Czech central bank, exhibited a bias in their inflation forecasts even after accounting for the errors in exchange rate forecasts." @default.
W1481555596 created "2016-06-24" @default.
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W1481555596 date "2011-01-01" @default.
W1481555596 modified "2023-09-24" @default.
W1481555596 title "Inflation Forecast Errors in the Czech Republic" @default.
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W1481555596 doi "https://doi.org/10.2753/eee0012-8775490105" @default.
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