expected inflation. To test this question two sets of inflation forecasts for the U.S. and five European countries were … generated: 1) from time series of past inflation rates;2) by forecasting real rates from time series of past real rates and … subtracting these forecasts from nominal rates. The accuracy of the two sets of inflation forecasts was compared. The results …

the predictors. We compare the performance of the priors in density forecast of inflation allowing for constant and … generalized Phillip curve for three inflation-targeting countries and produced evidence of significant time-variation in most of … forecast …