We evaluate the performance of inflation forecasts based on the open-economy Phillips curve by exploiting the spatial pattern of international propagation of inflation. We model these spatial linkages using global inflation and either domestic slack or oil price fluctuations, motivated by a...

We evaluate the performance of inflation forecasts based on the open-economy Phillips curve by exploiting the spatial pattern of international propagation of inflation. We model these spatial linkages using global inflation and either domestic slack or oil price fluctuations, motivated by a...

Cover; Half Title; Title; Copyright Page; Contents; Preface; Acknowledgments; About the Editors; About the Contributors; Contributors; Introduction; Part I: The Americas; Paul Shekelle; 1: Argentina: Achieving Universal Coverage; Hugo Arce, Ezequiel García-Elorrio, and Viviana Rodríguez; 2: Brazil:...