framework, indicating demand pressure that generates inflation. The output gap is also an important variable in itself, as a … value added in predicting inflation. The multivariate measures of the output gap have by far the best predictive power. This … predicting inflation. As uncertainties are particularly pronounced at the end of the calculation periods, assessment of pressures …

This paper investigates various output gap measures in a simple inflation forecasting framework. Reflecting the … pressures, including a gap could improve the accuracy of autoregressive inflation forecasting. This assertion is tested in a …

fluctuations of output gap, however constructed or measured, are a good predictor of inflation in the UAE. This is carried out by … inflation in the UAE. …

are consistent with the behavior of inflation. We label these deviations the output gap. In order to pin-down the features … of the model, we evaluate the accuracy of real-time inflation forecasts from different model specifications. The version … that forecasts inflation best implies that after the 2011 sovereign debt crisis the output gap in the euro area has been …

inflation. However, its definition and estimation raise a number of theoretical and empirical questions. This paper evaluates a … predicting inflation. We find that models including the output gap have better predictive power than models based on alternative …

against economic history and each other by a simulated out-of-sample forecasting exercise for Finnish CPI inflation. Only two … naiuml;ve prediction of no change in inflation but do not improve upon a simple autoregressive forecast. The pronounced … volatility of output in Finland makes it particularly difficult to estimate potential output, producing considerable uncertainty …

useful for predicting inflation. In addition, countries where slack (and potential growth) is overestimated to a larger …