Kolasa, Marcin; Rubaszek, Michał; Skrzypczyński, Paweł - European Central Bank - 2009
BVARs and DSGE-VARs. Compared to the SPF, the DSGE model generates better output forecasts at longer horizons, but less … turns out to be similar or better than that of the SPF for all the variables and horizons. JEL Classification: C11, C32, C53 …