RBNZ paper tests performance of house price forecasts

reserve-bank-of-new-zealand

A Reserve Bank of New Zealand (RBNZ) paper published on Friday shows that the central bank's method for forecasting house price movements performs just as well as individual models.

Sarah Drought and Chris McDonald, the paper's authors, use a range of statistical models to forecast New Zealand house price inflation and address the issue of model uncertainty by combining forecasts using weights based on out-of-sample forecast performance. The authors compare the forecasts for house prices in New

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: