This paper provides a full characterization of inflation rate forecasts using the mean values from Consensus Economics for a sample of 14 Latin American countries between 1989 and 2014. It also assesses the performance of inflation rate forecasts around business cycles' turning points. Results...

This paper assesses whether productivity and unemployment have a stable long-run relationship. We explore a panel of 19 OECD countries between 1970 and 2012 and rely on recently developed time series econometric methods. Our findings suggest that unemployment and productivity are non-stationary...