We evaluate the performance of inflation forecasts based on the open-economy Phillips curve by exploiting the spatial … pattern of international propagation of inflation. We model these spatial linkages using global inflation and either domestic … incorporating spatial interactions yields significantly more accurate forecasts of local inflation in 14 advanced countries …

We evaluate the performance of inflation forecasts based on the open-economy Phillips curve by exploiting the spatial … pattern of international propagation of inflation. We model these spatial linkages using global inflation and either domestic … spatial interactions yields significantly more accurate forecasts of local inflation in 14 advanced countries (including the U …

The Phillips curve, which posits a relationship between inflation and domestic economic activity, introduces a crucial … evidence that forecasts of U.S. inflation from Phillips curve-based models tend to underperform relative to naïve forecasts. We …

We evaluate the performance of inflation forecasts based on the open-economy Phillips curve by exploiting the spatial … pattern of international propagation of inflation. We model these spatial linkages using global inflation and either domestic … spatial interactions yields significantly more accurate forecasts of local inflation in 14 advanced countries (including the U …

Kabukçuoğlu and Martínez-García (Forthcoming) model local inflation dynamics using global inflation and domestic slack … Martínez-García (Forthcoming) evaluate the pseudo out-of-sample performance of inflation forecasts based on the theoretically …-consistent single-equation forecasting specification implied by theory, exploiting the international linkages of inflation. In this …