made in the first oil price shock of the 1970s. In response to the challenges encountered in forecasting in recent years … and the lessons learnt, the OECD and other international organisations have sought to improve their forecasting techniques …

inflation which explains the relative success of inflation forecasting models based on global inflation (e.g., Ciccarelli and … that can be tested empirically in forecasting. Finally, we use pseudo-out-of-sample forecasts to assess the NOEM-BVAR at …—which include most conventional forecasting models based on domestic factors and also the recent models based on global inflation …

inflation which explains the relative success of inflation forecasting models based on global inflation (e.g., Ciccarelli and … that can be tested empirically in forecasting. Finally, we use pseudo-out-of-sample forecasts to assess the NOEM-BVAR at … --- which include most conventional forecasting models based on domestic factors and also the recent models based on global …