for economic analysis and forecasting. This enormous volume of information, available in real time, can be handled by … inflows to Spain (the Spanish tourist industry's main customers). The improvement in the forecasting provided by the short …

. After ten prosperous years with an average GDP growth of 3.7%, the current recession places non-judgemental forecasting …-sized linear dynamic regressions with priors originating in the Bayesian VAR literature. Our forecasting procedure can be …

) whether the forecasting performance of governments is indeed worse than that of international organizations, and (ii) whether …

the model. These conditions seem to improve the forecasting ability of the term structure components and provide us with … that model in terms of fitting and forecasting properties. Moreover, with this framework it is possible to incorporate … directly the inflation rate as an additional factor without reducing the forecasting ability of the model. The augmented model …

provides valid intuition on the merits of eac happroach. The forecasting performance of the models is also assessed in the …