represent nicely the two opposing forecasting philosophies. The DSGE model on the one hand has a strong theoretical economic …-horizon forecasting and structural models should be used in long-horizon forecasting. Our paper compareds both state-of-the art data …

expectations in the inflation process. The survey measures of price expectations are derived from the European Commission … estimates of the New Keynesian inflation model presented here underscore the importance of inflation expectations for the short … expectations formation indicates that the expectations of the households and experts surveyed are strongly guided by earlier …

Inflation expectations are often found to depend on socioeconomic and demographic characteristics of households, such … impact of three sources of the demographic dependence of inflation expectations using data for Germany. Overall, our findings …

in-sample properties of the estimator in real-time environments and methods for out-of-sample forecasting. As an …

paper, we compare their performance in a relevant case for policy making, i.e., nowcasting and forecasting quarterly GDP …

This paper discusses pooling versus model selection for now- and forecasting in the presence of model uncertainty with … forecasting quarterly German GDP, a key macroeconomic indicator for the largest country in the euro area, with a large set of …

informative content of the carry-over effect for short-term forecasting is undisputed and is used routinely in economic … forecasting. In this paper, the carry-over effect is analysed 'statistically' and it is shown how it reduces the uncertainty of …