Semi-structural models and inflation forecasting: Bank of Canada paper
Semi-structural single equation models do a better at forecasting inflation that other strictly structural and conventional time series models, research published Monday by the Bank of Canada finds.
Maral Kichian, Fabio Rumler and Paul Corrigan, the authors of 'Semi-structural models for inflation forecasting,' use a New Keynesian Phillips Curve in their semi-structural models. They opt for identification robust methods to estimate important structural markers given the the identification
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