Cardani, Roberta; Paccagnini, Alessia; Villa, Stefania - 2015
frictions for the US economy. Over the forecast period 2001-2013, the models augmented with financial frictions lead to an … with financial frictions outperform in forecasting inflation but not the GDP growth rate. …) models affects their forecasting performance. We apply this analysis to medium-scale DSGE models with and without financial …