empirical part consists of a cointegration analysis with an error correction mechanism from the mid 80s until 2005. We are able …

Forecasts of inflation in the United States since the mid eighties have had smaller errors than in the past, but those … their own "Great Moderation." For those countries that did not attain macroeconomic stability, inflation forecasting … monetary regime does, makes possible the estimation of parsimonious inflation models for all available data (eight decades for …

model of interest rate determination. The empirical part consists of a cointegration analysis with an error correction … last two years, can well be explained. Alongside the more traditional macroeconomic determinants like core inflation …