output and inflation across a population of firms is studied. The only form of heterogeneity is confined to the probability … of output and inflation depend crucially on the proportion of firms that are allowed to change their prices. We test this …-cyclical correlation between the skewness of inflation and aggregates, but the relation with output is less sure. Our results can be …

for inflation. We find that these forecasts do not contain the intended information. Rather, they either have no …

The standard loss function gives the same weight to positive and negative deviations from the output and inflation … the target, and often also inflation rates that are below target, should be counted as gains instead of losses. …

important for monetary policy analysis, i.e. inflation, GDP, productivity, employment, labour force, unemployment and financial … usually limited to the first year. Furthermore, we find that the inflation forecasts exhibit several appealing features, such … misjudgements for productivity growth have had effects on forecasts for both inflation and GDP, but the results suggest that the …