We estimate a “Hybrid New-Keynesian Phillips Curve” for Argentina between 1993 and 2007. We extend the model to a small open economy, considering separately the influence of nominal devaluation and foreign inflation on domestic prices. For the whole sample, we find that forward and...

We exploit the richness of a large data set of daily and monthly business cycle indicators by pooling them to produce Nowcast of contemporaneous real GDP growth. We conduct predictions based on a pooling of bivariate forecasts which uses these indicators as predictors of GDP (Nowcast with...