Original title: Economic Research Bulletin (2015, No.1)
Number of part: Volume 13, Number 1, May 2015
Name of part: Forecasting
Authors: Česká národní banka
Document type: Trade print
ISSN: 1803-7089
Year: 2015
Language: eng
Publisher: Česká národní banka
Abstract: Appropriate, state - of - the - art forecasting techniques are crucial for guiding the monetary policy decisions of central banks. At the same time, knowledge of the initial conditions in the economy is a prerequisite for good forecasts. Such knowledge is incorporated as expert judgement on top of the model forecast. It is also important to understand which factors contribute to differences between two (old and new ) forecasts. This edition of the Research Bulletin presents four articles that describe recently developed forecasting techniques, the role of expert judgement in the forecasting process, and a new structural model forecast evaluation technique used at the Czech National Bank.
Keywords: banks; central bank of issue; macroeconomics; monetary policy; banky; centrální banka cedulová; makroekonomie; monetární politika
Rights: This work is protected under the Copyright Act No. 121/2000 Coll.

Institution: The Czech National Bank (web)
External URL: http://www.cnb.cz/en/research/research_publications/erb/index.html

Permalink: http://www.nusl.cz/ntk/nusl-200985


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Miscellaneous > The Czech National Bank
Trade literature > Trade print