In this paper we argue that future inflation in an economy depends on the way people perceive current inflation, their … inflation sentiment. We construct some simple measures of inflation sentiment which capture whether price acceleration is shared … by many components of the CPI basket. In a comparative analysis of the forecasting power of the different inflation …

In this paper we argue that future inflation in an economy depends on the way people perceive current inflation, their … inflation sentiment. We construct some simple measures of inflation sentiment which capture whether price acceleration is shared … by many components of the CPI basket. In a comparative analysis of the forecasting power of the different inflation …

of inflation in the future. A recent article from the Federal Reserve Bank of Cleveland found that simple models of … inflation tend to forecast inflation better than large statistical models. This paper re-visits the price gap model where the … forecast horizons, and thus has the most usefulness for inflation forecasting. Robustness checks are then run – the models are …

of inflation in the future. A recent article from the Federal Reserve Bank of Cleveland found that simple models of … inflation tend to forecast inflation better than large statistical models. This paper re-visits the price gap model where the … forecast horizons, and thus has the most usefulness for inflation forecasting. Robustness checks are then run – the models are …

of inflation in the future. A recent article from the Federal Reserve Bank of Cleveland found that simple models of … inflation tend to forecast inflation better than large statistical models. This paper re-visits the price gap model where the … forecast horizons, and thus has the most usefulness for inflation forecasting. Robustness checks are then run – the models are …

We evaluate inflation forecasts from the Survey of Professional Forecasters (SPF) of the Central Bank of Chile … accurate inflation forecasts. We evaluate these new forecasts in an out-of sample exercise. The new forecasts display important …

This paper reinvestigates the performance of trimmed-mean inflation measures some 20 years since their inception … measures in forecasting headline inflation. …

for future inflation for the cross section of New EU Member States. This paper provides stylized facts on monetary versus … non-monetary (economic and fiscal) determinants of inflation in these countries as well as formal econometric evidence on … predicting inflation at longer (3-year) horizons. …

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 …