Benalal, Nicholai; Hoyo, Diaz del; Luis, Juan; Landau, … - European Central Bank - 2004
In this paper we investigate whether the forecast of the HICP components (indirect approach) improves upon the forecast of overall HICP (direct approach) and whether the aggregation of country forecasts improves upon the forecast of the euro-area as a whole, considering the four largest euro...
