Forecasting Inflation in a Data-Rich Environment: The Benefits of Machine Learning Methods

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  • Marcelo C. Medeiros
    Department of Economics, Pontifical Catholic University of Rio de Janeiro, Rua Marquês de São Vicente 225, Gávea, Rio de Janeiro 22451-900, Brazil ()
  • Gabriel F. R. Vasconcelos
    Department of Economics, University of California, Irvine, 3201 Social Sciences Plaza B, Irvine, CA 92617 ()
  • Álvaro Veiga
    Department of Electrical Engineering, Pontifical Catholic University of Rio de Janeiro, Rua Marquês de São Vicente 225, Gávea, Rio de Janeiro 22451-900, Brazil ()
  • Eduardo Zilberman
    Central Bank of Chile and Department of Economics, Pontifical Catholic University of Rio de Janeiro (PUC-Rio), Agustinas 1180, Santiago 867, Chile ()

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