Purpose: This study addresses the issue of prediction of inflation differences for an economy that considers either fixing its exchange rate or joining a currency union. In this setting individual countries have limited control over their inflation and anticipating the possible course of...

We investigate the circumstances in which business cycle forecasting is beneficial for business by addressing both the short-run and the long-run aspects. For an assessment of short-run forecasting we make a distinction between using publicly available information of cycle probabilities and the...

Purpose: This study measures and assesses the accuracy of forecasts by industry branches. Such an investigation provides a view on the relative benefits of forecasting in different industries.Design/methodology/approach: Accuracy is studied here by investigating survey data covering...