the Generalized Dynamic Factor model to develop a set of core inflation indicators that, combining national data with area … area wide statistics. In both cases our findings point to the conclusion that, once area wide information is properly taken …

This occasional paper explains why the bank lending survey was developed by the ECB and describes its main features. It … clarifies why the survey was introduced. Furthermore, the paper demonstrates that the value added of implementing a bank lending … survey for the euro area lies in particular in the way it provides greater insight into developments in credit standards, non …

is sizeable, accounting for instance for one third to half of the prediction errors of FOMC policy decisions. By contrast …

criticized for failing to explain common trends in money growth and inflation, and that therefore money should be used as a cross …-check is shown to be effective in offsetting persistent deviations of inflation due to central bank misperceptions. JEL …

This paper proposes a methodology to nowcast and forecast inflation using data with sampling frequency higher than … accurate estimates of inflation for the current and followings months. In particular, this paper uses the Weekly Oil Bulletin … Price Statistics for the euro area, the Weekly Retail Gasoline and Diesel Prices for the US and daily World Market Prices of …