We evaluate the performance of inflation forecasts based on the open-economy Phillips curve by exploiting the spatial … pattern of international propagation of inflation. We model these spatial linkages using global inflation and either domestic … slack or oil price fluctuations, motivated by a novel interpretation of the forecasting implications of the workhorse open …

agreed. In short, forecasting inflation is of foremost importance to households, businesses, and policymakers. In 2016, the … desired policy goals. This paper develops a group of models to forecast inflation in Argentina and conducts a comparison of …In general, central banks are concerned with keeping the inflation rate stable while also sustaining output close to an …