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In order to provide short run forecasts of headline and core HICP inflation for France, we assess the forecasting … stable forecasting performance over time. Results for HICP excluding unprocessed food and energy are very encouraging …. Moreover, we show that it is possible to use forecasts on this indicator to project overall inflation …
Persistent link: https://www.econbiz.de/10013134962
This paper surveys the literature since 1993 on pseudo out-of-sample evaluation of inflation forecasts in the United … some preliminary evidence characterizing successful forecasting episodes …
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This paper presents the New Keynesian Phillips Curve (NKPC) -based framework for analysing euro area inflation outlook …. Our NKPC specification, that relies on market- and survey-based inflation expectations, explains well euro area inflation … dynamics. Its forecasting performance is also comparable to the performance of the ECB's official forecasts in both short- and …
Persistent link: https://www.econbiz.de/10012622377
) forecast but that real-time output gaps often do not help forecasting inflation. This raises the question how operationally …This paper simulates out-of-sample inflation forecasting for Germany, the UK, and the US. In contrast to other studies … useful certain output gap estimates are for forecasting inflation …
Persistent link: https://www.econbiz.de/10013147302
-term inflation and unemployment forecast: the GDP deflator will be negative (between -0.5% and -2% per year) during the next 40 years …The evolution of the rate of price inflation and unemployment in Japan has been modeled within the Phillips curve … unemployment results in decreasing inflation. A linear and lagged generalized Phillips curve expressed as a link between inflation …
Persistent link: https://www.econbiz.de/10013076967
The paper presents an incomplete competition model (ICM), where inflation is determined jointly with unit labour cost … growth. The ICM is estimated on data for the Euro area and evaluated against existing models, i.e. the implicit inflation …. There is, however, some support in favour of the (reduced form) AWM inflation equation. It is the only model that …
Persistent link: https://www.econbiz.de/10013319393
This paper surveys the literature since 1993 on pseudo out-of-sample evaluation of inflation forecasts in the United … preliminary evidence characterizing successful forecasting episodes …
Persistent link: https://www.econbiz.de/10012464326