Forecasting Japanese inflation with a news-based leading indicator of economic activities

Keiichi Goshima, Hiroshi Ishijima, Mototsugu Shintani, Hiroki Yamamoto

研究成果: Article査読

抄録

We construct business cycle indexes based on the daily Japanese newspaper articles and estimate the Phillips curve model to forecast inflation at a daily frequency. We find that the news-based leading indicator, constructed from the topic on future economic conditions, is useful in forecasting the inflation rate in Japan.

本文言語English
ジャーナルStudies in Nonlinear Dynamics and Econometrics
DOI
出版ステータスAccepted/In press - 2020

ASJC Scopus subject areas

  • Analysis
  • Social Sciences (miscellaneous)
  • Economics and Econometrics

フィンガープリント 「Forecasting Japanese inflation with a news-based leading indicator of economic activities」の研究トピックを掘り下げます。これらがまとまってユニークなフィンガープリントを構成します。

引用スタイル