-specific labour imply a sufficient degree of real rigidity, and so can reproduce inflation dynamics well. However, they imply too … little real rigidity and, so, too volatile inflation, owing to strong responses of marginal wages and hours per employee … the responses of wages, inflation and employment. …

. Core inflation measures typically entail excluding some components or deriving trend measures. This paper uses a structural … VAR with long-run identifying restrictions to arrive at two core measures: latent inflation and permanent inflation …. Results for the 1970-1993 period show that inflation dynamics in Spain is strongly inertial and shocks with a permanent effect …

The New Keynesian Phillips Curve (NKPC) is now the dominant model of inflation dynamics. In recent years, a large body …

constant inflation. This change has been more pronounced than elsewhere. We argue that this stems from the immigration boom in … 1995 would have led to an annual increase in inflation of 2.5 percentage points if it had not been largely offset by …

of the realized volatility is not constant and common to all. v) A forecasting horse race against 8 competing models …

-world practice. This survey seeks to close the gap between research and practice in respect of short-term forecasting in real time … performance to forecast quarterly US GDP growth rates in real time. Finally, we review the main results having regard to the …

output and inflation. In particular, we evaluate the impact of the regime shift on the forecasting performance of reduced … the economy. For plausible shocks distributions the reduction in the accuracy of VAR-based inflation forecasts is … insignificant. The impact on ouput forecasting accuracy would be comparatively much larger if the new monetary union regime is …

indicator. We find that inflation rates of both index of CPI are explained by the inflation rate of wholesale prices. For both …