In this paper, we examine whether industry-level forecasts of CPI and PPI inflation can be improved using the … a two or three equation system involving CPI and PPI inflation where the effects of the exchange rate and import prices … time series models, as well as with a model that, in addition, includes standard control variables for inflation, like …

This paper examines the determinants of inflation forecast uncertainty using a panel of density forecasts from the …€œnews†about inflation than the out-dated past squared forecast errors. We propose a novel way to estimating uncertainty of â …€œnews†using Kullback-Leibler Information, and show that it is an important determinant of the current inflation forecast …

inflation variables is however inconclusive …

greatly redcues the prediction mean squared error of forecasts of U.S. CPI inflation at horizons of one month and one year …

Forecasting inflation remains an intriguing research topic among academics and practitioners alike. Recent studies by … or other macroeconomic and financial variables for the purpose of forecasting inflation. In particular, it is found that … Bayesian Averaging of Classical Estimates (BACE) for forecasting inflation. Based upon the idea of model averaging, the BACE …