; (iv) newer generation Phillips curve models with several timevarying features are a promising avenue for forecasting …

utilization and temporary shocks, around a trend influenced by inflation expectations. We study the in-sample inflation dynamics …-sample, while inflation expectations dominate medium-to-long-run cycles, energy prices dominate short cycles and business …-to-medium cycles once expectations became anchored. While statistically significant, unemployment is not economically relevant for any …

emerging market country by taking Turkey as a case. For this purpose we compare the forecasting performance of Phillips curve …

results of the model's forecasting performance suggest that this model can be a useful analytical tool in the process of … to MAKPAM and enriches the set of tools for forecasting and monetary policy analysis in NBRM. In this paper we highlight …

MDS approach. In a forecasting exercise the MDS model compares favorably to the Bernoulli model for one quarter and one … year ahead inflation. In addition, it turns out that the performance of MDS model forecasting is competitive in comparison … with other models found to be useful in the inflation forecasting literature. …

Firmly-anchored inflation expectations are widely viewed as playing a central role in the successful conduct of … monetary policy. This paper presents estimates of trend inflation, based on information contained in survey expectations, the …. In order to assess whether inflation expectations are anchored, uncertainty surrounding future changes in trend inflation …