Nowcasting Turkish Food Inflation Using Daily Online Prices

Soybilgen, Barış; Yazgan, M. Ege; Kaya, Hüseyin

doi:10.1007/s41549-023-00084-2

J Bus Cycle Res

2023

DOI: 10.1007/s41549-023-00084-2

|View full text |Cite

Nowcasting Turkish Food Inflation Using Daily Online Prices

Barış Soybilgen¹,

M. Ege Yazgan

Hüseyin Kaya

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...

Citation Types

Supporting

Mentioning

Contrasting

Year Published

2024

Publication Types

Select...

Other1

Relationship

Self Cite0

Independent1

Authors

Journals

Cited by 1 publication

References 15 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

Nowcasting Inflation

Knotek,

Zaman

2024

Working Paper (Federal Reserve Bank of Cleveland)

View full text Add to dashboard Cite

This chapter summarizes the mixed-frequency methods commonly used for nowcasting inflation. It discusses the importance of key high-frequency data in producing timely and accurate inflation nowcasts. In the US, consensus surveys of professional forecasters have historically provided an accurate benchmark for inflation nowcasts because they incorporate professional judgment to capture idiosyncratic factors driving inflation. Using real-time data, we show that a relatively parsimonious mixed-frequency model produces superior point and density nowcasting accuracy for headline inflation and competitive nowcasting accuracy for core inflation compared with surveys of professional forecasters over a long sample spanning 1999-2022 and over a short sample focusing on the period since the start of the pandemic.

show abstract

Nowcasting Inflation

Knotek,

Zaman

2024

Working Paper (Federal Reserve Bank of Cleveland)

View full text Add to dashboard Cite

show abstract

scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.

Contact Info

customersupport@researchsolutions.com

10624 S. Eastern Ave., Ste. A-614

Henderson, NV 89052, USA

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Blog Terms and Conditions API Terms Privacy Policy Contact Cookie Preferences Do Not Sell or Share My Personal Information

Made with 💙 for researchers

Part of the Research Solutions Family.

Nowcasting Turkish Food Inflation Using Daily Online Prices

Cited by 1 publication

References 15 publications

Nowcasting Inflation

Nowcasting Inflation

Contact Info

Product

Resources

About