Business surveys and inflation forecasting in China
| Title: | Business surveys and inflation forecasting in China |
| Author: | Kaaresvirta, Juuso ; Mehrotra, Aaron |
| Organization: | Bank of Finland |
| Department / Unit: | Institute for Economies in Transition (BOFIT) |
| Series: | BOFIT Discussion Papers |
| Series number: | 22/2008 |
| Year of publication: | 2008 |
| Publication date: | 22.11.2008 |
| Published in: | Published in Economic change and restructuring, vol. 42, no. 4 (2009), pp. 263-271 |
| Pages: | 15 s. |
| Keywords: | Kiina; ennusteet; hinnat; inflaatio; indikaattorit; yritykset; Bofit-kokoelma |
| JEL: | C53; E31 |
| Abstract: | We use business survey data collected by the People's Bank of China for inflation forecast-ing. Some survey indicators lead to enhanced forecasting performance relative to the uni-variate benchmark model, especially for a period of moderate inflation. However, the esti-mated models do not do a good job of tracking the recent pickup in Chinese inflation, due to increases in food prices. Keywords: inflation forecasting; business surveys; China. JEL classification: C53; E31. |
| Rights: | https://helda.helsinki.fi/bof/copyright |
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