Forecasting Inflation and IIP Growth: Bayesian Vector Autoregressive Model
Published By: RBI on eSS | Published Date: February, 24 , 2011Maintaining low and stable inflation with sustainable growth is the prime objective of
any monetary authority. To achieve the prime goal, reliable forecast of macroeconomic
variables play an important role. In this paper, the authors tried to develop a forecasting
model for inflation as well as IIP growth in a multivariate time series Bayesian framework,
known as Bayesian Vector Autoregressive (BVAR) Model. [Reserve Bank of India Occasional Papers] URL: [http://rbidocs.rbi.org.in/rdocs/Content/PDFs/02FIIG020311.pdf]
Author(s): Dipankar Biswas, Sanjay Singh, Arti Sinha | Posted on: Feb 24, 2011 | Views(1488) | Download (109)