The authors document the out-of-sample forecasting accuracy of the New Keynesian model for Canada. They estimate their … tests of forecasting accuracy. Their results show that the forecasting accuracy of the New Keynesian model compares … favourably with that of the benchmarks, particularly as the forecasting horizon increases. These results suggest that the model …

indicator. In-sample forecasting results indicate that the three composite indicators are useful tools for predicting financial … stress events. The out-of-sample forecasting results suggest that for most countries, including Canada, the weighted …

The authors describe the key features of a new large-scale Canadian macroeconomic forecasting model developed over the …

forecasting power of these models for the Japanese economy. In this paper, we aim at assessing the relative performance of factor …. For most of the components, we report that factor models yield lower forecasting errors than a simple AR process or an … improvements in terms of forecasting accuracy are found for more volatile periods, such as the recent financial crisis. However …