-month interest rates is explored in an exercise of out-of-sample forecasting. This yield spread appears to contain …

equilibrium models, estimated using Bayesian techniques, can become an additional useful tool in the forecasting kit of central … banks. First, we show that the forecasting performance of such models compares well with a-theoretical vector …

use of measures of underlying in?ation to formulate monetary policy and assist in forecasting observed in?ation. Recent … disaggregated price indices for European countries. We then assess the forecasting ability of these factor estimates against other … 12 to 18 months is adopted as a valid criterion to assess forecasting. Empirical results for the ?ve largest euro area …

-of-sample forecasting performance. Differences across countries are seemingly linked to market liquidity. The paper further finds that the …