We present a novel database of real-time data and forecasts from the Bank of Canada's staff economic projections. We … then provide a forecast evaluation for GDP growth and CPI inflation since 1982: we compare the staff forecasts with those …

This study analyzes global inflation synchronization and derives policy implications for the Korean economy. Unlike … previous studies that assume a single global inflation factor, this study investigates if inflation in Korea can be explained … further by other global inflation factors. Our principal component analysis provides three principal components for global …

-Wouters model and its forecasts of real GDP growth and inflation are compared with those from two extensions. The first adds … extensions improve the density forecasts of real GDP and inflation and their joint forecasts up to an eight-quarter horizon. We … find that adding financial frictions leads to a deterioration in the forecasts, with the exception of longer-term inflation …