The use of statistical forecasting models at the Reserve Bank of New Zealand
Economic forecasts, in particular the forecasts for inflation, are an important part of the monetary policy formulation process at the Reserve Bank. The forecasts from a range of statistical models provide an important cross check for the forecasts produced by the main policy model that supports the policy deliberation process. This article describes the suite of statistical models used at the Reserve Bank and how these models fit into the forecasting process.
Volume (Year): 72 (2009)
Issue (Month): (June)
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- Chris Bloor & Troy Matheson, 2009.
"Real-time conditional forecasts with Bayesian VARs: An application to New Zealand,"
Reserve Bank of New Zealand Discussion Paper Series
DP2009/02, Reserve Bank of New Zealand.
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- Kapetanios, George & Labhard, Vincent & Price, Simon, 2008.
"Forecast combination and the Bank of England's suite of statistical forecasting models,"
Elsevier, vol. 25(4), pages 772-792, July.
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"A New Core Inflation Indicator for New Zealand,"
CEPR Discussion Papers
6469, C.E.P.R. Discussion Papers.
- Domenico Giannone & Troy Matheson, 2006. "A new core inflation indicator for New Zealand," Reserve Bank of New Zealand Discussion Paper Series DP2006/02, Reserve Bank of New Zealand.
- Domenico Giannone & Troy Matheson, 2007. "A new core inflation indicator for New Zealand," ULB Institutional Repository 2013/6407, ULB -- Universite Libre de Bruxelles.
- Rachel Holden, 2006. "Measuring core inflation," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 69, pages 7p, December.
- Kirdan Lees, 2009. "Introducing KITT: The Reserve Bank of New Zealand new DSGE model for forecasting and policy design," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 72, pages 5-20, June.
- Hilde C. Bjørnland & Karsten R. Gerdrup & Anne Sofie Jore & Leif Anders Thorsrud & Christie Smith, 2010.
"Does forecast combination improve Norges Bank inflation forecasts?,"
0002, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School.
- Hilde C. Bjørnland & Karsten Gerdrup & Anne Sofie Jore & Christie Smith & Leif Anders Thorsrud, 2012. "Does Forecast Combination Improve Norges Bank Inflation Forecasts?," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 74(2), pages 163-179, 04.
- Hilde C. Bjørnland & Karsten Gerdrup & Anne Sofie Jore & Christie Smith & Leif Anders Thorsrud, 2009. "Does forecast combination improve Norges Bank inflation forecasts?," Working Paper 2009/01, Norges Bank.
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