performs favourably compared to the Eurosystem/ECB staff macroeconomic projections, (iv) forecasting performance deteriorates …

This paper uses a panel VAR (PVAR) approach to estimating, analysing and forecasting price dynamics in four different …

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

relative to other predictors generally improving in the post-2012 period. An out-of-sample forecasting exercise indicates that …, when monetary and credit aggregates are loaded directly in the forecasting equation, the additional gains over the … and credit variables in forecasting inflation, even if their information content is diluted in a much broader pool of …

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

- and hard-threshold algorithms improves the forecasting performance, especially during periods of economic crisis. While a … effect on forecasting performance, all the more, if the set of indicators becomes unbalanced. …