Matches in SemOpenAlex for { <https://semopenalex.org/work/W178141171> ?p ?o ?g. }
Showing items 1 to 96 of
96
with 100 items per page.
- W178141171 endingPage "451" @default.
- W178141171 startingPage "434" @default.
- W178141171 abstract "In developed countries, independent central banks control monetary policy. The goals and instruments of monetary policy are taught in every economics course; however, at times theory fails to work perfectly in practice. In our paper, we review the system of inflation targeting applied by the Hungarian central bank in the past ten years, as well as the modelling framework supporting the making of monetary policy decisions. Many input variables of inflation forecast models are traded commodities. This is why we asked ourselves whether central bank analysts could have given more precise projections on these variables than market players. We used appropriate statistical (stationarity) tests for the time series of a number of variables, running approximately 50,000 tests. Based on the tests, we concluded that input variables dominantly follow a random walk process on the time horizon of inflation targeting, thereby their future values cannot be predicted. Our final conclusion is that based on erroneous forecasts, the central bank could even have made incorrect monetary policy decisions, thereby driving the Hungarian economy in an undesired direction." @default.
- W178141171 created "2016-06-24" @default.
- W178141171 creator A5035326355 @default.
- W178141171 creator A5038896052 @default.
- W178141171 date "2013-01-01" @default.
- W178141171 modified "2023-09-28" @default.
- W178141171 title "Central Bank Modelling and Variables Doing Random Walks" @default.
- W178141171 cites W1571107611 @default.
- W178141171 cites W2110321237 @default.
- W178141171 cites W2151726270 @default.
- W178141171 cites W2256225516 @default.
- W178141171 cites W2615460315 @default.
- W178141171 cites W2940897671 @default.
- W178141171 cites W3125393644 @default.
- W178141171 hasPublicationYear "2013" @default.
- W178141171 type Work @default.
- W178141171 sameAs 178141171 @default.
- W178141171 citedByCount "0" @default.
- W178141171 crossrefType "posted-content" @default.
- W178141171 hasAuthorship W178141171A5035326355 @default.
- W178141171 hasAuthorship W178141171A5038896052 @default.
- W178141171 hasConcept C105795698 @default.
- W178141171 hasConcept C111919701 @default.
- W178141171 hasConcept C121194460 @default.
- W178141171 hasConcept C121332964 @default.
- W178141171 hasConcept C126285488 @default.
- W178141171 hasConcept C127413603 @default.
- W178141171 hasConcept C134306372 @default.
- W178141171 hasConcept C139719470 @default.
- W178141171 hasConcept C149782125 @default.
- W178141171 hasConcept C159176650 @default.
- W178141171 hasConcept C162324750 @default.
- W178141171 hasConcept C182365436 @default.
- W178141171 hasConcept C185824701 @default.
- W178141171 hasConcept C18762648 @default.
- W178141171 hasConcept C200941418 @default.
- W178141171 hasConcept C2524010 @default.
- W178141171 hasConcept C2992735868 @default.
- W178141171 hasConcept C33332235 @default.
- W178141171 hasConcept C33923547 @default.
- W178141171 hasConcept C41008148 @default.
- W178141171 hasConcept C78519656 @default.
- W178141171 hasConcept C98045186 @default.
- W178141171 hasConceptScore W178141171C105795698 @default.
- W178141171 hasConceptScore W178141171C111919701 @default.
- W178141171 hasConceptScore W178141171C121194460 @default.
- W178141171 hasConceptScore W178141171C121332964 @default.
- W178141171 hasConceptScore W178141171C126285488 @default.
- W178141171 hasConceptScore W178141171C127413603 @default.
- W178141171 hasConceptScore W178141171C134306372 @default.
- W178141171 hasConceptScore W178141171C139719470 @default.
- W178141171 hasConceptScore W178141171C149782125 @default.
- W178141171 hasConceptScore W178141171C159176650 @default.
- W178141171 hasConceptScore W178141171C162324750 @default.
- W178141171 hasConceptScore W178141171C182365436 @default.
- W178141171 hasConceptScore W178141171C185824701 @default.
- W178141171 hasConceptScore W178141171C18762648 @default.
- W178141171 hasConceptScore W178141171C200941418 @default.
- W178141171 hasConceptScore W178141171C2524010 @default.
- W178141171 hasConceptScore W178141171C2992735868 @default.
- W178141171 hasConceptScore W178141171C33332235 @default.
- W178141171 hasConceptScore W178141171C33923547 @default.
- W178141171 hasConceptScore W178141171C41008148 @default.
- W178141171 hasConceptScore W178141171C78519656 @default.
- W178141171 hasConceptScore W178141171C98045186 @default.
- W178141171 hasIssue "4" @default.
- W178141171 hasLocation W1781411711 @default.
- W178141171 hasOpenAccess W178141171 @default.
- W178141171 hasPrimaryLocation W1781411711 @default.
- W178141171 hasRelatedWork W1501092918 @default.
- W178141171 hasRelatedWork W1572575561 @default.
- W178141171 hasRelatedWork W1583541629 @default.
- W178141171 hasRelatedWork W16709615 @default.
- W178141171 hasRelatedWork W2069148799 @default.
- W178141171 hasRelatedWork W2081323767 @default.
- W178141171 hasRelatedWork W2143127650 @default.
- W178141171 hasRelatedWork W2168749991 @default.
- W178141171 hasRelatedWork W2171928964 @default.
- W178141171 hasRelatedWork W2307858279 @default.
- W178141171 hasRelatedWork W2432175482 @default.
- W178141171 hasRelatedWork W2570415616 @default.
- W178141171 hasRelatedWork W2899646508 @default.
- W178141171 hasRelatedWork W3043111425 @default.
- W178141171 hasRelatedWork W3123235370 @default.
- W178141171 hasRelatedWork W3124757963 @default.
- W178141171 hasRelatedWork W3125969027 @default.
- W178141171 hasRelatedWork W3126021212 @default.
- W178141171 hasRelatedWork W55934489 @default.
- W178141171 hasRelatedWork W2189296932 @default.
- W178141171 hasVolume "58" @default.
- W178141171 isParatext "false" @default.
- W178141171 isRetracted "false" @default.
- W178141171 magId "178141171" @default.
- W178141171 workType "article" @default.