simple to construct and appear to work well in a variety of cases explored empirically and by simulation. The proposed … inflation. …

forecasts are not optimal. Seemingly unrelated regressions are used to address questions concerning the inflation forecast …

represent nicely the two opposing forecasting philosophies. The DSGE model on the one hand has a strong theoretical economic … DSGE model can provide reasonable forecasts for inflation, especially with growing forecast horizons. To a certain extent …-horizon forecasting and structural models should be used in long-horizon forecasting. Our paper compareds both state-of-the art data …

of monetary policy shocks, and we observe that the reaction of GDP, the GDP deflator, inflation expectations and long …

. The consequences of using real-time data for inflation forecasts, the dynamic interaction of output gaps and inflation …

This paper assesses the performance of monetary indicators in predicting euro area HICP inflation out-of-sample over … the period since the start of EMU considering a wide range of forecasting models, including standard bivariate forecasting … models, factor models, simple combination forecasts as well as trivariate two-pillar Phillips Curve type forecasting models …

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 … suggest that household-specific inflation rates and group-specific news consumption accounts for the higher expectation gaps …