. The members of the eurozone are supposedly constrained by the fiscal caps of the Stability and Growth Pact. Yet ever since …•Despite the well-known tendency of eurozone members to exceed the 3% cap on budget deficits, often in consecutive … among eurozone forecasts. If euro area governments are not in violation of the 3% cap at the time forecasts are made …

regularization penalties, and we use them in a substantive exploration of Eurozone inflation and real interest rate density forecasts …. All individual inflation forecasters (even the ex post best forecaster) are outperformed by our regularized mixtures. From …

inflation rate is -.17. The corresponding correlation for the period 1950 to 1979 is .71. Inflation evolved from essentially a … stochastic process of inflation, rather than a change in any structural relationship between nominal rates and expectedi nflation …. I find little evidence of inflation non-neutrality in data from the gold standard period.This contradicts the conclusion …

This paper investigates the use of trimmed means as high-frequency estimators of" inflation. The known characteristics … that simple averages of price data are" unlikely to produce efficient estimates of inflation. Trimmed means produce … superior estimates" of core inflation,' which we define as a long-run centered moving average of CPI and PPI" inflation. We …