Global indicators can boost inflation forecasts in short term, paper finds
Global inflation indicators and Brent oil price used to augment domestic forecasts
Over a one and 12-month horizon indicators of global inflation could play a major role in providing information for future domestic inflation rates, a working paper published by the Central Bank of Chile finds.
Carlos Medel, in Fuelling future prices: oil price and global inflation, analyses the extent to which global inflation and the Brent oil price provide "valuable information for future domestic inflation rates" in a sample of 53 countries.
"Overall, in almost 90% of the countries the use
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