Are Hodrick-Prescott 'forecasts' rational?

Empirical Economics

Volumn 27, Issue 4, 2002, Pages 631-643

  Ash, J C K ^a   Easaw, J Z ^b   Heravi, S M ^c   Smyth, D J ^d  

^a UNIVERSITY OF READING   (United Kingdom)

^b a joint workplace of Charles University and the Economics Institute of the Czech Academy of Sciences   (United Kingdom)

^c CARDIFF UNIVERSITY   (United Kingdom)

^d MIDDLESEX UNIVERSITY BUSINESS SCHOOL   (United Kingdom)

Author keywords

Hodrick Precott filter; Inflation; Proxy forecasts; Rational expectations

Indexed keywords

FILTER; FORECASTING METHOD; INFLATION; METHODOLOGY;

EID: 0036968143     PISSN: 03777332     EISSN: None     Source Type: Journal    
DOI: 10.1007/s001810100107     Document Type: Article

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