This paper provides evidence on the reliability of euro area real-time output gap estimates. A genuine real-time data … set for the euro area is used, including vintages of several sets of euro area output gap estimates available from 1999 to … magnitude and the sign of the real-time estimates of the euro area output gap are very uncertain. The uncertainty is mostly due …

Monitoring and forecasting price developments in the euro area is essential in the light of the second pillar of the … ECBu0092s monetary policy strategy. This study analyses whether the forecasting accuracy of forecasting aggregate euro area …

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 area countries. The direct approach provides clearly better results than …. For the euro area HICP excluding unprocessed food and energy (HICPX), the indirect forecast outperforms the direct whereas …

different price stages in the euro area. The overall results are roughly in line with the literature and provide insight into … of euro area prices. …

Price Statistics for the euro area, the Weekly Retail Gasoline and Diesel Prices for the US and daily World Market Prices of …