find a higher average forecast accuracy of models that incorporate information on inflation expectations from the ECB's SPF … inflation expectations are typically not large but significant in some periods. Both short- and long-term expectations provide … useful information. By contrast, incorporating expectations derived from financial market prices or those of firms and …

find a higher average forecast accuracy of models that incorporate information on inflation expectations from the ECB’s SPF … inflation expectations are typically not large but significant in some periods. Both short- and long-term expectations provide … useful information. By contrast, incorporating expectations derived from financial market prices or those of firms and …

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

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

This paper investigates the changing behavior of inflation expectations in response to the macroeconomic and policy … present evidence on the behavioral shifts in the inflation expectations associated with evolving macroeconomic and policy … performance. We use a unique survey with the feature of including matched policy rate and fixed-horizon inflation expectations at …

We investigate the role played by the media in the expectations formation process of households. Using a novel news … of households' stated inflation expectations. In turn, in a noisy information model setting, augmented with a simple …, robust and new evidence highlighting the role of the media for understanding inflation expectations and information …

evidence that the Phillips curves' goodness of fit is rather high. However, forecasting power is comparatively low. -- Phillips … Curve ; Forecasting ; Europe ; RMSE …

depends strongly on the time period. Global factors provide only limited additional information for forecasting. In addition …

We show that the New Keynesian Phillips Curve (NKPC) outperforms standard bench marks in forecasting U.S. inflation … predictors) into several frequency bands and forecasting separately each frequency component of inflation. The largest … statistically significant forecasting gains are achieved with a model that forecasts the lowest frequency component of inflation …