In this paper we investigate the forecasting performance of the median Consumer Price Index (CPI) in a variety of … statistics in forecasting inflation has often been relegated to simple univariate or Phillips curve approaches, thus limiting … consumption expenditures) across our set of monthly and quarterly BVARs. Although the inflation forecasting improvements are …

We study the forecasting performance of three alternative large scale approaches using a dataset for Germany that … indicate that in many cases the gains in forecasting accuracy relative to a simple univariate autoregression are only moderate …

leverage a novel real-time dataset to conduct an out-of-sample forecasting exercise for U.S. real gross domestic product (GDP …). MF-BVARs are shown to provide an attractive alternative to surveys of professional forecasters for forecasting GDP growth …

We study the forecasting performance of three alternative large scale approaches for German key macroeconomic variables …