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Forecasting Inflation and the Great Recession
Economic Perspectives, Federal Reserve Bank of Chicago (2013)
  • Marco Bassetto, University College London
  • Todd Messer, Federal Reserve Bank of Chicago
  • Christine Ostrowski, Federal Reserve Bank of Chicago
Abstract

This article shows how the recovery of inflation in 2009-10 occurred precisely at the only time (since 1985) the models would predict disinflation, i.e., inflation went up when the models said it should go down.

Disciplines
Publication Date
2013
Citation Information
Marco Bassetto, Todd Messer and Christine Ostrowski. "Forecasting Inflation and the Great Recession" Economic Perspectives, Federal Reserve Bank of Chicago Vol. 37 Iss. 3 (2013)
Available at: http://works.bepress.com/bassetto/22/