We use a broad-range set of inflation models and pseudo out-of-sample forecasts to assess their predictive ability …

important determinants of inflation over the sample. We then forecast core inflation 12 quarters ahead and present its … manner, the convergence towards a sustainable path of inflation. …

framework, indicating demand pressure that generates inflation. The output gap is also an important variable in itself, as a … value added in predicting inflation. The multivariate measures of the output gap have by far the best predictive power. This … predicting inflation. As uncertainties are particularly pronounced at the end of the calculation periods, assessment of pressures …

The authors conduct an empirical analysis of the role of labor market activities in inflation and conclude that wage … growth is not very informative for predicting price inflation. But price inflation does seem to help predict wage growth …

This article proposes a multivariate model of inflation with conditionally heteroskedastic common and country …-2009. It is found that various model specifications considered fit well the first and second order dynamics of inflation in the … G7. The estimated volatility of the common inflation component captures the international effects of the 'Great …

This article proposes a multivariate model of inflation with conditionally heteroskedastic common and country …-2009. It is found that various model specifications considered fit well the first and second order dynamics of inflation in the … G7. The estimated volatility of the common inflation component captures the international effects of the ‘Great …

This paper provides both theoretical insight as well as empirical evidence in support of the view that inflation is … largely a global phenomenon. First, we show that inflation across countries incorporates a significant common factor captured … by global inflation. Second, we show that in theory a role for global inflation in local inflation dynamics emerges over …

This paper provides both theoretical insight as well as empirical evidence in support of the view that inflation is … largely a global phenomenon. First, we show that inflation across countries incorporates a significant common factor captured … by global inflation. Second, we show that in theory a role for global inflation in local inflation dynamics emerges over …

We explore the ability of core inflation to predict headline CPI annual inflation for a sample of 8 developing … sample of developing countries are currently implementing or given steps toward the future implementation of inflation … targeting regimes, which are heavily based on long run inflation forecasts …