Guangling (dave Liu; Gupta, Rangan - In: South African Journal of Economics 75 (2007) 2, pp. 179-193
This paper uses a version of <link rid="b11">Hansen's (1985)</link> Dynamic Stochastic General Equilibrium (DSGE) model to forecast the South African economy. The calibrated model, based on annual data over the period of 1970-2000, is used to generate one- to eight-quarters-ahead out-of-sample forecast errors for the...