Anderl, Christina; Caporale, Guglielmo Maria - 2022
rates obtained from two different models (the Wu-Xia (2016) and the Krippner (2015a) ones) and for different lower bound … of a zero lower bound affects which type of shadow rate produces more accurate inflation forecasts. …This paper investigates the predictive power of the shadow rate for the inflation rate in countries with a zero lower …