area, the UK and the US. Our forecasts are significantly more accurate than either a direct forecast of the aggregate or … intermediate aggregates or formulating models with unobserved components. We use the procedure to forecast inflation in the Euro …

the last decade. Using stylised models of the economies of the US, Euro area, UK and Japan, we argue that economic … stability has been fostered by improved monetary policy and by associated changes in the behaviour of inflation, which has …

the last decade. Using stylised models of the economies of the US, Euro area, UK and Japan, we argue that economic … stability has been fostered by improved monetary policy and by associated changes in the behaviour of inflation, which has …