Evaluating Real-Time Forecasts from Norges Bank's System for Averaging Models

We evaluate forecasts of GDP growth and inflation made by the system of averaging models (SAM) and compare their performance with Norges Bank's forecasts in the Monetary Policy Report. We assess the new version of SAM, as well as the ones that were actually used from 2008 until the end of 2010. We conclude that SAM forecasts perform quite well. In particular for inflation, the forecasting performance seems to have improved with the new version of SAM.

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Year of publication:	2012
Authors:	Jore, Anne Sofie
Publisher:	Oslo : Norges Bank

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Series:	Staff Memo ; 12/2012
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Research Report
Language:	English
ISBN:	978-82-7553-669-1
Other identifiers:	699902851 [GVK] hdl:10419/210250 [Handle] hdl:11250/2507190 [Handle]
Source:	EconStor

Persistent link: https://www.econbiz.de/10012144039