Items related to Inflation Forecasting, Central Bank Independence and...
Inflation Forecasting, Central Bank Independence and Price Stability: An analysis of Zimbabwe - Softcover
Synopsis
The accuracy of inflation forecasting has been a challenge in most developing countries which do not have high frequency data.This study evaluates the performance of leading bivariate and trivariate models of inflation in forecasting inflation for Zimbabwe. Root Mean Square Forecast Errors (RMSFE) of the benchmark autoregressive model are compared with those of bivariate and trivariate vector autoregressions. The pseudo-out-of-sample forecasting results show that (1) the trivariate model using lags of inflation, crop production index and the parallel market exchange rate forecast inflation better (2) the term structure of interest rates also performs well and (3) monetary aggregates fare badly. Further, the study analyses the institutional set-up of the Reserve Bank of Zimbabwe (RBZ) to determine its independence. Results show that political interests have been driving the monetary policy and this has undermined the credibility of the central bank. Even if independence is not the complete answer, it is at least suggestive that a more autonomous central bank would be effective even though it is neither necessary nor sufficient by itself for achieving and maintaining low inflation.
"synopsis" may belong to another edition of this title.
About the Author
Melania Mujutywa-Shayanewako, Studied Master of Economics in the field of International Economics, Public Policy and Taxation at Yokohama National University, Japan: Chief Economist, Ministry of Economic Planning and Investment Promotion, Zimbabwe
"About this title" may belong to another edition of this title.
Search results for Inflation Forecasting, Central Bank Independence and...
Seller Image
Inflation Forecasting, Central Bank Independence and Price Stability
Published by
LAP LAMBERT Academic Publishing Okt 2011, 2011
ISBN 10: 3846525472
ISBN 13: 9783846525470
New
Taschenbuch
Seller: BuchWeltWeit Ludwig Meier e.K., Bergisch Gladbach, Germany
Seller rating 5 out of 5 stars
Taschenbuch. Condition: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -The accuracy of inflation forecasting has been a challenge in most developing countries which do not have high frequency data.This study evaluates the performance of leading bivariate and trivariate models of inflation in forecasting inflation for Zimbabwe. Root Mean Square Forecast Errors (RMSFE) of the benchmark autoregressive model are compared with those of bivariate and trivariate vector autoregressions. The pseudo-out-of-sample forecasting results show that (1) the trivariate model using lags of inflation, crop production index and the parallel market exchange rate forecast inflation better (2) the term structure of interest rates also performs well and (3) monetary aggregates fare badly. Further, the study analyses the institutional set-up of the Reserve Bank of Zimbabwe (RBZ) to determine its independence. Results show that political interests have been driving the monetary policy and this has undermined the credibility of the central bank. Even if independence is not the complete answer, it is at least suggestive that a more autonomous central bank would be effective even though it is neither necessary nor sufficient by itself for achieving and maintaining low inflation. 112 pp. Englisch. Seller Inventory # 9783846525470
Stock Image
Inflation Forecasting, Central Bank Independence and Price Stability
Published by
Editorial Academica Espanola, 2011
ISBN 10: 3846525472
ISBN 13: 9783846525470
New
Softcover
Seller: Books Puddle, Woodside, NY, U.S.A.
Seller rating 4 out of 5 stars
Condition: New. pp. 112. Seller Inventory # 2698160904
Seller Image
Inflation Forecasting, Central Bank Independence and Price Stability : An analysis of Zimbabwe
Published by
LAP LAMBERT Academic Publishing, 2011
ISBN 10: 3846525472
ISBN 13: 9783846525470
New
Taschenbuch
Seller: AHA-BUCH GmbH, Einbeck, Germany
Seller rating 5 out of 5 stars
Taschenbuch. Condition: Neu. nach der Bestellung gedruckt Neuware - Printed after ordering - The accuracy of inflation forecasting has been a challenge in most developing countries which do not have high frequency data.This study evaluates the performance of leading bivariate and trivariate models of inflation in forecasting inflation for Zimbabwe. Root Mean Square Forecast Errors (RMSFE) of the benchmark autoregressive model are compared with those of bivariate and trivariate vector autoregressions. The pseudo-out-of-sample forecasting results show that (1) the trivariate model using lags of inflation, crop production index and the parallel market exchange rate forecast inflation better (2) the term structure of interest rates also performs well and (3) monetary aggregates fare badly. Further, the study analyses the institutional set-up of the Reserve Bank of Zimbabwe (RBZ) to determine its independence. Results show that political interests have been driving the monetary policy and this has undermined the credibility of the central bank. Even if independence is not the complete answer, it is at least suggestive that a more autonomous central bank would be effective even though it is neither necessary nor sufficient by itself for achieving and maintaining low inflation. Seller Inventory # 9783846525470
Stock Image
Inflation Forecasting, Central Bank Independence and Price Stability
Published by
Editorial Academica Espanola, 2011
ISBN 10: 3846525472
ISBN 13: 9783846525470
New
Softcover
Seller: Majestic Books, Hounslow, United Kingdom
Seller rating 4 out of 5 stars
Condition: New. Print on Demand pp. 112 2:B&W 6 x 9 in or 229 x 152 mm Perfect Bound on Creme w/Gloss Lam. Seller Inventory # 95317719
Buy New
£ 68.48
£ 6.50 shipping
Ships from United Kingdom to U.S.A.
Ships from United Kingdom to U.S.A.
Quantity: 4 available
Seller Image
Inflation Forecasting, Central Bank Independence and Price Stability
Published by
LAP LAMBERT Academic Publishing, 2011
ISBN 10: 3846525472
ISBN 13: 9783846525470
New
Softcover
Seller: moluna, Greven, Germany
Seller rating 5 out of 5 stars
Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Autor/Autorin: Mujutywa-Shayanewako MelaniaMelania Mujutywa-Shayanewako, Studied Master of Economics in the field of International Economics, Public Policy and Taxation at Yokohama National University, Japan: Chief Economist, Ministry of Economic P. Seller Inventory # 5496667
Buy New
£ 35.24
£ 40.83 shipping
Ships from Germany to U.S.A.
Ships from Germany to U.S.A.
Quantity: Over 20 available
Stock Image
Inflation Forecasting, Central Bank Independence and Price Stability
Published by
Editorial Academica Espanola, 2011
ISBN 10: 3846525472
ISBN 13: 9783846525470
New
Softcover
Seller: Biblios, Frankfurt am main, HESSE, Germany
Seller rating 4 out of 5 stars
Condition: New. PRINT ON DEMAND pp. 112. Seller Inventory # 1898160898
Seller Image
Inflation Forecasting, Central Bank Independence and Price Stability
Published by
LAP LAMBERT Academic Publishing Okt 2011, 2011
ISBN 10: 3846525472
ISBN 13: 9783846525470
New
Taschenbuch
Seller: buchversandmimpf2000, Emtmannsberg, BAYE, Germany
Seller rating 5 out of 5 stars
Taschenbuch. Condition: Neu. This item is printed on demand - Print on Demand Titel. Neuware -The accuracy of inflation forecasting has been a challenge in most developing countries which do not have high frequency data.This study evaluates the performance of leading bivariate and trivariate models of inflation in forecasting inflation for Zimbabwe. Root Mean Square Forecast Errors (RMSFE) of the benchmark autoregressive model are compared with those of bivariate and trivariate vector autoregressions. The pseudo-out-of-sample forecasting results show that (1) the trivariate model using lags of inflation, crop production index and the parallel market exchange rate forecast inflation better (2) the term structure of interest rates also performs well and (3) monetary aggregates fare badly. Further, the study analyses the institutional set-up of the Reserve Bank of Zimbabwe (RBZ) to determine its independence. Results show that political interests have been driving the monetary policy and this has undermined the credibility of the central bank. Even if independence is not the complete answer, it is at least suggestive that a more autonomous central bank would be effective even though it is neither necessary nor sufficient by itself for achieving and maintaining low inflation.VDM Verlag, Dudweiler Landstraße 99, 66123 Saarbrücken 112 pp. Englisch. Seller Inventory # 9783846525470
Seller Image
Inflation Forecasting, Central Bank Independence and Price Stability | An analysis of Zimbabwe
Published by
LAP LAMBERT Academic Publishing, 2011
ISBN 10: 3846525472
ISBN 13: 9783846525470
New
Taschenbuch
Seller: preigu, Osnabrück, Germany
Seller rating 5 out of 5 stars
Taschenbuch. Condition: Neu. Inflation Forecasting, Central Bank Independence and Price Stability | An analysis of Zimbabwe | Melania Mujutywa-Shayanewako | Taschenbuch | 112 S. | Englisch | 2011 | LAP LAMBERT Academic Publishing | EAN 9783846525470 | Verantwortliche Person für die EU: BoD - Books on Demand, In de Tarpen 42, 22848 Norderstedt, info[at]bod[dot]de | Anbieter: preigu. Seller Inventory # 106768711