Koop, Gary; Korobilis, Dimitris - 2009
has forecast
well in the recent past. In an empirical study involving forecasting output growth and inflation using
139 UK … inflation often have many
potential predictors. For instance, Stock and Watson (2002) forecast various US macroeconomic …, a commonly ex-
pressed view of inflation is that its persistence has changed markedly since the 1970s. Since persistence …