-Wouters model and its forecasts of real GDP growth and inflation are compared with those from two extensions. The first adds … extensions improve the density forecasts of real GDP and inflation and their joint forecasts up to an eight-quarter horizon. We … find that adding financial frictions leads to a deterioration in the forecasts, with the exception of longer-term inflation …

In this paper, I apply univariate and vector autoregressive (VAR) models to forecast inflation in Vietnam. To … properties of inflation in Vietnam. Then, I compute the pseudo out-of-sample root mean square error (RMSE) as a measure of … forecasting models from among the different candidates. I find that VAR_m2 is the best monthly model to forecast inflation in …

For the last two years inflation has been systematically falling across countries in the European Union and lately it … exhibits rising deflationary pressures. Recent studies suggest that apart from global determinants influencing broad inflation … measures, e.g. plummeting commodity prices, core inflation components are subjected to the rising influence of globalization …

This study adopts the long-run structural VAR approach to analyse the determinants of inflation in the Euro Area … economy over the period 1985:1-2003:2. Theoretical relationships link inflation to markup and output gap, respectively. The … short-run dynamic properties of inflation are investigated using a structural VECM. Inflation is explained by a mixture of …

This paper investigates the accuracy of forecasts from four DSGE models for inflation, output growth and the federal … federal funds rate. Only for inflation the model forecasts are dominated by the Greenbook projections. A comparison with …

find a higher average forecast accuracy of models that incorporate information on inflation expectations from the ECB's SPF … inflation expectations are typically not large but significant in some periods. Both short- and long-term expectations provide … (not always for the countries). The analysis is undertaken for headline inflation and inflation excluding energy and food …

towards a state where a clear nominal anchor has become well grounded (Inflation Targeting). The different BVAR specifications …

affected temporarily. Inflation forecasts made by Eurosystem/ECB staff perform similarly or slightly better than those from our …