• Corpus ID: 251040419

Forecasting euro area inflation using a huge panel of survey expectations

  title={Forecasting euro area inflation using a huge panel of survey expectations},
  author={Florian Huber and Luca Onorante and Michael Pfarrhofer},
. In this paper, we forecast euro area inflation and its main components using an econometric model which exploits a massive number of time series on survey expectations for the European Commission’s Business and Consumer Survey. To make estimation of such a huge model tractable, we use recent advances in computational statistics to carry out posterior simulation and inference. Our findings suggest that the inclusion of a wide range of firms and consumers’ opinions about future economic… 



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