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New Approaches to Measuring, Analysing, and Forecasting Prices: A Review of the Bank of Russia, NES, and HSE University Workshop

Author

Listed:
  • Vadim Grishchenko

    (Bank of Russia; HSE University)

  • Ivan Krylov

    (Bank of Russia; HSE University)

Abstract

At the end of March 2024, the Bank of Russia, the New Economic School, and the Bank of Russia's Department at the HSE University held the 11th international workshop titled 'New Approaches to Measuring, Analysing, and Forecasting Prices'. The workshop participants presented their research focused on inflation forecasting aided by machine learning and the use of new data to investigate price changes. The researchers discussed the effectiveness of machine learning algorithms compared with traditional econometrics.

Suggested Citation

  • Vadim Grishchenko & Ivan Krylov, 2024. "New Approaches to Measuring, Analysing, and Forecasting Prices: A Review of the Bank of Russia, NES, and HSE University Workshop," Russian Journal of Money and Finance, Bank of Russia, vol. 83(2), pages 92-111, June.
    • Handle: RePEc:bkr:journl:v:83:y:2024:i:2:p:92-111
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    References listed on IDEAS

    as
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    3. Vadim Grishchenko & Diana Gasanova & Egor Fomin & Grigory Korenyak, 2023. "Visible prices and their influence on inflation expectations of Russian households," Bank of Russia Working Paper Series wps117, Bank of Russia.
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    More about this item

    Keywords

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    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations
    • C11 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Bayesian Analysis: General

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