This paper evaluates inflation forecasts made by Norges Bank which is recognized as a successful forecast targeting … superiority of the Bank's forecast cannot be asserted, when compared with genuine ex-ante real time forecasts from an independent … whole sample, which includes a change in the mean of inflation. -- Inflation forecasts ; monetary policy ; forecast …

-response functions, variance decompositions and out of sample forecast also show that mortgage credit drives housing prices and not vice …

tests for forecast rationality show that a necessary condition for good forecast performance is satisfied both for Greenbook … and private forecasts, as measured by the Survey of Professional Forecasters (SPF). Tests for forecast accuracy and the …). The relative forecast performance is, however, not robust in the presence of large macroeconomic shocks such as the Great …

The purpose of the paper is to introduce the framework for decomposing the forecast of headline inflation, obtained by … inflation forecast, with relatively good fit of equations for food and domestic oil prices. This model serves as satellite model …