with the slope factor. Slope predicts changes in future interest rates and forecast revisions of professional forecasters …

estimation during the 2008 financial crisis …

Zentralbank das Risiko für die verbleibenden privaten Anleihegläubiger erhöhen. Dies mag zunächst mit der Beobachtung unvereinbar …

breaks in the performance of most simple Phillips curves. Euro area inflation was particularly hard to forecast in the run … in a forecaster's toolkit. We base these conclusions on an extensive forecast evaluation over 1994 - 2018, an … estimated slack or by estimates from international economic institutions; (iii) external variables do not bring forecast gains …

an out-of-sample forecasting exercise, the paper shows that the proposed approach performs well as compared to other well …

authorities of 12 new EU members. Using estimation of an augmented Taylor rule, we find that this setting was not always … end, we carry out an estimation of an open economy Philips curve (PC). Our main finding is that inflation rates were not … monetary arrangements for price stability. The analysis of the conditional inflation variance obtained from GARCH estimation of …