Performance evaluation: Uncertainties in forecasting inflation
Author: Evelina Çeliku, Gent Hashorva
Printed on: 07.08.2012
Production date: 07.08.2012
Material category : Not Periodic Publications / Working Papers
This paper aims to present the developments in the inflation
forecasting process for the period 2007-2010 and their integration
into the monetary policy decision-making at the Bank of Albania
(BoA). The history of forecasting at the BoA is still recent compared
to earlier experiences in this field, but relatively “mature” compared
to the forecasting work at the other institutions and agencies in the
country and in the region. Besides our experience in developing
forecasts, the reliable and timely statistical information remains a
crucial factor in the projection process.