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A distant-early-warning model of inflation based on M1 disequilibria / by Jamie Armour et al., Department of Monetary and Financial Analysis.FB3-2/96-5E

A vector error-correction model (VECM) that forecasts inflation between the current quarter and eight quarters ahead is found to provide significant leading information about inflation. The model focuses on the effects of deviations of M1 from its long-run demand but also includes, among other things, the influence of the exchange rate, a simple measure of the output gap and past prices.--Abstract

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Publication information
Department/Agency
  • Bank of Canada.
TitleA distant-early-warning model of inflation based on M1 disequilibria / by Jamie Armour et al., Department of Monetary and Financial Analysis.
Series title
  • Working paper 1192-5434 96-5
Publication typeMonograph - View Master Record
Language[English]
FormatPhysical text
Other formatsDigital text-[English]
Note(s)
  • "A vector error-correction model (VECM) that forecasts inflation between the current quarter and eight quarters ahead is found to provide significant leading information about inflation. The model focuses on the effects of deviations of M1 from its long-run demand but also includes, among other things, the influence of the exchange rate, a simple measure of the output gap and past prices."--Abstract.
  • Résumés en français
Publishing information
  • Ottawa - Ontario : Bank of Canada 1996.
BindingSoftcover
Descriptioni, 17p. : graphs, references, table ; 28 cm.
ISBN0-662-24416-8
ISSN1192-5434
Catalogue number
  • FB3-2/96-5E
Subject terms
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