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-economy Phillips curves under standard measures of global slack do not help forecast domestic inflation, possibly indicating …-2015:Q1 period and appear to be reliable proxies for global slack in forecasting inflation. …We investigate empirically the inflation dynamics in New Zealand, a small open economy and a pioneer in inflation …
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the beginning of 2018. They also have performed well in forecasting the direction of inflation. In terms of the …This paper develops Area-wide Leading Inflation CyclE (ALICE) indicators for euro area headline and core inflation with … an aim to provide early signals about turning points in the respective inflation cycle. The series included in the two …
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find a higher average forecast accuracy of models that incorporate information on inflation expectations from the ECB’s SPF … and Consensus Economics compared to their counterparts that do not. The gains in forecast accuracy from incorporating … inflation expectations are typically not large but significant in some periods. Both short- and long-term expectations provide …
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