Simulating Inflation Forecasting in Real-Time : How Useful Is a Simple Phillips Curve in Germany, the UK, and the US? /
This paper simulates out-of-sample inflation forecasting for Germany, the UK, and the US. In contrast to other studies, we use output gaps estimated with unrevised real-time GDP data. This exercise assumes an information set similar to that available to a policymaker at a given point in time since G...
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Format: | Czasopismo |
Język: | English |
Wydane: |
Washington, D.C. :
International Monetary Fund,
2010.
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Seria: | IMF Working Papers; Working Paper ;
No. 2010/052 |
Dostęp online: | Full text available on IMF |