the beginning of 2018. They also have performed well in forecasting the direction of inflation. In terms of the …

use of measures of underlying inflation to formulate monetary policy and assist in forecasting observed inflation. 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 five largest euro area …

; (iv) newer generation Phillips curve models with several timevarying features are a promising avenue for forecasting …

variables in the model, rather than just on future paths as it is usually done in the conditional forecasting literature. The … forecasting densities of a BVAR and a DSGE model on information about the marginal densities of future oil prices. The results …-inflation over the considered forecasting horizon. Finally, a real-time forecasting exercise yields that introducing market …

reversion and assume that relative prices are unchanged. Direct forecasting or panel data techniques are better than the random …