P-Star as an Indicator of Inflationary Pressure
The P-star approach has been developed by the U.S. Federal Reserve as a new indicator of inflationary pressures. This paper assesses its usefulness for 20 OECD Member countries. Regression results are presented and in-sample tracking ability and forecasting performance of the equations are compared to rival inflation models and official OECD projections ... L'approche dite P-star a été développée par la Réserve Fédérale des États-Unis comme un nouvel indicateur des pressions inflationnistes. Ce papier examine son utilité pour 20 pays de l'OCDE. Des résultats de regression sont présentés ; la capacité des équations à simuler et prévoir l'évolution des prix est comparée à celle de modèles rivaux et aux projections officielles d'inflation de l'OCDE ...
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| Date of creation: | 01 Mar 1991 |
| Handle: | RePEc:oec:ecoaaa:101-en |
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