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 … aspects of the Great Moderation have improved the forecast accuracy of open-economy models. …

-economy Phillips curves under standard measures of global slack do not help forecast domestic inflation, possibly indicating …-2015:Q1 period and appear to be reliable proxies for global slack in forecasting inflation. …We investigate empirically the inflation dynamics in New Zealand, a small open economy and a pioneer in inflation …

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 … slack or oil price fluctuations, motivated by a novel interpretation of the forecasting implications of the workhorse open …

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 … slack or oil price fluctuations, motivated by a novel interpretation of the forecasting implications of the workhorse …

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 … slack or oil price fluctuations, motivated by a novel interpretation of the forecasting implications of the workhorse open …

-consistent single-equation forecasting specification implied by theory, exploiting the international linkages of inflation. In this …-García (Forthcoming) use for inflation forecasting. We make note in particular of the role that the slope of the Phillips curve plays in …Kabukçuoğlu and Martínez-García (Forthcoming) model local inflation dynamics using global inflation and domestic slack …

-economy Phillips curves under standard measures of global slack do not help forecast domestic inflation, possibly indicating …-2015:Q1 period and appear to be reliable proxies for global slack in forecasting inflation. …We investigate empirically the inflation dynamics in New Zealand, a small open economy and a pioneer in inflation …

and forecast inflation out-of-sample by analyzing a New Keynesian Phillips Curve (NKPC) in the frequency domain. In …Policymakers and researchers see inflation characterized by cyclical fluctuations driven by changes in resource … utilization and temporary shocks, around a trend influenced by inflation expectations. We study the in-sample inflation dynamics …

-economy Phillips curves under standard measures of global slack do not help forecast domestic inflation, possibly indicating …-2015:Q1 period and appear to be reliable proxies for global slack in forecasting inflation …We investigate empirically the inflation dynamics in New Zealand, a small open economy and a pioneer in inflation …