against economic history and each other by a simulated out-of-sample forecasting exercise for Finnish CPI inflation. Only two …

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 … simple simulated out-of-sample forecasting exercise for the period 1990-2002. The main conclusions are that an output gap …