Globalisation and density forecasts of Euro-area inflation from Phillips Curve models : 2016 edition

In this paper we test whether globalisation has affected the relationship between the output gap and inflation in the euro area. Then we investigate how the traditional Phillips Curve relating the inflation and the domestic output gap can be enhanced incorporating globalisation effects. We analyse the effect of different specification of the Phillips Curve in an out-of-sample real-time simulation exercise, focusing on the inflation density forecast.

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Year of publication:	2016 ; 2016 edition
Other Persons:	Mazzi, Gian Luigi (contributor) ; Mitchell, James (contributor)
Institutions:	European Commission / Statistical Office of the European Union (issuing body)
Publisher:	Luxembourg : Publications Office
Subject:	Phillips-Kurve \| Phillips curve \| Inflation \| Globalisierung \| Globalization \| Prognoseverfahren \| Forecasting model \| Eurozone \| Euro area \| EU-Staaten \| EU countries \| Inflationsrate \| Inflation rate

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Extent:	1 Online-Ressource (51 p.) tab., ill..
Type of publication:	Book / Working Paper
Language:	English
Notes:	Bibl. : p. 46-49
ISBN:	978-92-79-46960-2
Other identifiers:	10.2785/395084 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10015295585