Do financial variables help forecasting inflation and real activity in the euro area?

Article Abstract:

The role of financial variables in forecasting and the out-of-sample predictions of the Euro-area industrial production are evaluated using a large data set. Two models that allow forecasting based on large panels of time series show that multivariate methods outperform univariate methods for forecasting inflation at one, three, six and twelve months and industrial production at one and three months.

Euro (Currency), Industrial productivity, Productivity, Euro currency transition

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Does the Barro-Gordon model explain the behavior of US inflation? A reexamination of the empirical evidence

Article Abstract:

The predictions of the Barro-Gordon model were tested by using US data on inflation and unemployment. It constructs a general game-theoretical model with asymmetric preferences that includes the Barro-Gordon model and a version of Cukierman's model as special cases.

Unemployment, Models, Economics, Economic theory

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A quantitative analysis of inflation as a tax on the underground economy

Article Abstract:

Usage of a monetary model to analyze optimal taxation and inflation rate in underground economy is discussed. Relations of underground economy size, inflation rate, and income tax rate is presented.

Canada, Commodity & service prices, Taxes, Taxation, Prices and rates, Tax policy, Underground economy, Company pricing policy

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