The study investigates the existence and extent of information rigidity in inflation forecasts among 25 developed and … gathering picking up during the recession period. We also find that forecast revisions depend on both own country and cross …-country lagged revisions. Therefore, one source of information rigidity is not to incorporate overseas events in forecast revisions …

Global developments play an important role in domestic inflation rates. Previous literature has found that a … substantial amount of the variation in a large set of national inflation rates can be explained by a single global factor. However …, inflation volatility has been typically neglected, while it is clearly relevant both from a policy point of view and for …

) models, with and without financial frictions, for output growth and inflation in the period 1992 to 2011. We find strong … react in a timely fashion to changes in the environment, leading to real-time forecast improvements relative to other … methods of density forecast combination, such as Bayesian model averaging, optimal (static) pools, and equal weights. We show …

) models, with and without financial frictions, for output growth and inflation in the period 1992 to 2011. We find strong … react in a timely fashion to changes in the environment, leading to real-time forecast improvements relative to other … methods of density forecast combination, such as Bayesian model averaging, optimal (static) pools, and equal weights. We show …

for output growth and inflation from 1992 to 2011. We find strong evidence of time variation in the pool's weights … environment, leading to real-time forecast improvements relative to other methods of density forecast combination, such as …

. This paper proposes a number of approaches to forecast short-term changes in selected world economic variables and aims …, first, at ranking various forecasting methods in terms of forecast accuracy and, second, at checking whether methods … direct forecasts at the aggregate levels (top-down approaches), the forecast accuracy is neither improved nor deteriorated (i …

important variable. GDP per capita and consumer inflation have increased in prominence whereas debt-to-GDP, stock market and …

We use a data set of inflation expectations that covers 20 years and 44 countries to investigate the relationship … between the level and uncertainty of inflation. While there is strong and robust evidence of a relationship between average … inflation and average uncertainty across countries, there is little evidence in our data for a within country relationship. In …