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expectations on nominal wages, prices and unemployment rate as suggested by the traditional and Samuelson-and-Solow-type Phillips …
Persistent link: https://www.econbiz.de/10010300140
inflation expectations and augment Phillips curves with global factors including global economic slack, global inflation and … inflation. Moreover, the results suggest that the importance of global inflation in forecasting domestic inflation has its roots … performed by domestic forward-looking inflation expectations. With the exception of commodity prices therefore our results …
Persistent link: https://www.econbiz.de/10011605993
agreed. In short, forecasting inflation is of foremost importance to households, businesses, and policymakers. In 2016, the …
Persistent link: https://www.econbiz.de/10012057271
The output gap (measuring the deviation of output from its potential) is a crucial concept in the monetary policy framework, indicating demand pressure that generates inflation. The output gap is also an important variable in itself, as a measure of economic fluctuations. However, its definition...
Persistent link: https://www.econbiz.de/10010284323
agreed. In short, forecasting inflation is of foremost importance to households, businesses, and policymakers. In 2016, the …
Persistent link: https://www.econbiz.de/10011880436
The output gap (measuring the deviation of output from its potential) is a crucial concept in the monetary policy framework, indicating demand pressure that generates inflation. The output gap is also an important variable in itself, as a measure of economic fluctuations. However, its definition...
Persistent link: https://www.econbiz.de/10005063091
expectations on nominal wages, prices and unemployment rate as suggested by the traditional and Samuelson-and-Solow-type Phillips …
Persistent link: https://www.econbiz.de/10005593815
The output gap (measuring the deviation of output from its potential) is a crucial concept in the monetary policy framework, indicating demand pressure that generates inflation. The output gap is also an important variable in itself, as a measure of economic fluctuations. However, its definition...
Persistent link: https://www.econbiz.de/10005652137
expectations on nominal wages, prices and unemployment rate as suggested by the traditional and Samuelson-and-Solow-type Phillips …
Persistent link: https://www.econbiz.de/10010980785
The aim of this paper is to analyze the forecasting performance of alternative model for the US inflation rate over the … the series, although in terms of MSFE the Phillips curve specification can yield noticeable forecasting gains for medium … and long term horizons. Previous finding on the forecasting superiority of the simple naïve model are confuted. …
Persistent link: https://www.econbiz.de/10005037589