| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 965520 | Journal of Macroeconomics | 2012 | 16 Pages |
Abstract
⺠Our contribution is to discuss the capability of models to predict discrete rate decisions. ⺠We find Interest rate predictions should be based on discrete models of interest rate decisions. ⺠We compare the predictive performance including different types of monetary indicators. ⺠Monetary indicators improve predictions of interest rates, even allowing for other variables. ⺠This is true for the Bank of England and the European Central Bank despite different emphases on monetary variables.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Thanaset Chevapatrakul, Tae-Hwan Kim, Paul Mizen,