, the differences resulting from the use of ex-post and real time data per se and, second, the differences emerging from the … use of non-modified real time data instead of real-time data based forecasted values and vice versa. Since both effects … inflation coefficients while the opposite is true for the output gap coefficients. If real time data forecasts for the current …

parameters. In line with the evidence provided by Aruoba (2008), by using the indirect inference principle, we observe that real-time … data are not rational forecasts of revised data. This result along with the differences observed when estimating a model …

. First, the differences resulting from the use of ex-post and real time data per se and, second, the differences emerging … from the use of non-modified real time data instead of real-time data based forecasted values and vice versa. Since both … estimated inflation coefficients while the opposite is true for the output gap coefficients. If real time data forecasts for the …

one quarter to three years over fifty vintages of real-time data in two measures of inflation: personal consumption …