Burgert, Matthias (contributor); … - 2008
, countries or regions. For instance,
Marcellino, Stock and Watson (2003) show that, in the case of forecasting euro
area-wide in … United
States, Canada, Japan, the euro area and the United Kingdom. Taken together
these countries represent more than 90% of ….3 Estimation and forecast aggregation
We estimate separately forecasting models for countries (US, Japan, euro area,
UK and Canada …