Kang, Sungjun; Park, Kwangwoo; Ratti, Ronald A. - In: Cambridge Journal of Economics 28 (2004) 1, pp. 37-57
The performance of inflation indicators for predicting the probability of inflation falling inside constant and moving … stability, particular attention is given to the target that future inflation will be below recent inflation. In contrast with … earlier years, the unemployment and capacity utilisation rates do not perform well in forecasting the direction of inflation …