Hopefully restore some of my credibility in the wake of messing up the Japan model, here's how the information transfer model is doing relative to the Federal Reserve Board's prediction. I added some annual averages as thick dotted curves -- however be aware the annual average doesn't include the final inflation number or GDP number from 2014 (so the average is subject to revision). Anyway, here is the inflation prediction:
And here is the RGDP prediction:
Note that the differences between the red solid curve and the thick dotted curves appears to be due to data revisions.