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Which Variables Predict Indonesia's Inflation?

Year: 2019

Type: article

Abstract: We use an exhaustive list of Indonesia’s macroeconomic variables in a comparative analysis to determine which predictor variables are most important in forecasting Indonesia’s inflation rate. We use monthly time-series data for 30 macroeconomic variables. Using both in-sample and out-of-sample predictability evaluations, we report consistent evidence of inflation rate predictability using 11 out of 30 macroeconomic variables.

Source: Bulletin of Monetary Economics and Banking

DOI: 10.21098/bemp.v22i1.1038

Author: Susan Sunila Sharma

Institution: Deakin University

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: diamond

OpenAlex ID: W2950334389

FWCI: 12.38

Cites: 29

Cited by: 28

Related to: 10