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Recent empirical work documents substantial disagreement in inflation expectations obtained from survey data …
Persistent link: https://www.econbiz.de/10004974506
; (iv) newer generation Phillips curve models with several timevarying features are a promising avenue for forecasting …
Persistent link: https://www.econbiz.de/10012422133
find a higher average forecast accuracy of models that incorporate information on inflation expectations from the ECB's SPF … inflation expectations are typically not large but significant in some periods. Both short- and long-term expectations provide … useful information. By contrast, incorporating expectations derived from financial market prices or those of firms and …
Persistent link: https://www.econbiz.de/10012661632
find a higher average forecast accuracy of models that incorporate information on inflation expectations from the ECB's SPF … inflation expectations are typically not large but significant in some periods. Both short- and long-term expectations provide … useful information. By contrast, incorporating expectations derived from financial market prices or those of firms and …
Persistent link: https://www.econbiz.de/10012797207
find a higher average forecast accuracy of models that incorporate information on inflation expectations from the ECB's SPF … inflation expectations are typically not large but significant in some periods. Both short- and long-term expectations provide … useful information. By contrast, incorporating expectations derived from financial market prices or those of firms and …
Persistent link: https://www.econbiz.de/10012643485
find a higher average forecast accuracy of models that incorporate information on inflation expectations from the ECB’s SPF … inflation expectations are typically not large but significant in some periods. Both short- and long-term expectations provide … useful information. By contrast, incorporating expectations derived from financial market prices or those of firms and …
Persistent link: https://www.econbiz.de/10012792526
; (iv) newer generation Phillips curve models with several timevarying features are a promising avenue for forecasting …
Persistent link: https://www.econbiz.de/10012299084
the beginning of 2018. They also have performed well in forecasting the direction of inflation. In terms of the …
Persistent link: https://www.econbiz.de/10011901421
This paper investigates the changing behavior of inflation expectations in response to the macroeconomic and policy … present evidence on the behavioral shifts in the inflation expectations associated with evolving macroeconomic and policy … performance. We use a unique survey with the feature of including matched policy rate and fixed-horizon inflation expectations at …
Persistent link: https://www.econbiz.de/10012628450
Any measure of unobserved inflation uncertainty relies on specific assumptions which are most likely not fulfilled completely. This calls into question whether an individual measure delivers a reliable signal. To reduce idiosyncratic measurement error, we propose using common information...
Persistent link: https://www.econbiz.de/10010312179