Article ID Journal Published Year Pages File Type
5059853 Economics Letters 2012 5 Pages PDF
Abstract
► Inflation and output growth projections of the Bank of Canada are studied. ► Next-year projections imply a high loss when forecasts exceed actual inflation. ► For output growth, the evidence points into the other direction. ► Under an asymmetric loss function, rationality of projections cannot be rejected.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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On the loss function of the Bank of Canada: A note
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