Červená, Marianna; Schneider, Martin - In: International Journal of Forecasting 30 (2014) 3, pp. 498-516
DSGE models are useful tools for evaluating the impact of policy changes, but their use for (short-term) forecasting is still in its infancy. Besides theory-based restrictions, the timeliness of data is an important issue. Since DSGE models are based on quarterly data, they suffer from the...