encompasses a general unrestricted model and it forecast encompasses the competitors when tested on 20 quarters of one step ahead …

Monitoring and forecasting price developments in the euro area is essential in the light of the second pillar of the … ECBu0092s monetary policy strategy. This study analyses whether the forecasting accuracy of forecasting aggregate euro area …) as opposed to forecasting the aggregate HICP directly. The analysis includes univariate and multivariate linear time …

that the cyclical position and the form of fiscal governance are major determinants of forecast biases. Projected changes …