expectation models, households in the sticky information environment update their expectations sporadically rather than … experts? inflation expectations, we find that the model adequately captures the dynamics of household inflation expectations …

This paper considers factor forecasting with national versus factor forecasting withinternational data. We forecast … estimation using targeted predictors following Bai and Ng [Forecasting economic time series using targeted predictors, Journal of … Econometrics 146 (2008), 304-317]. The results are as follows: Forecasting without data preselection favours the use of German data …

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