This paper proposes a new method of forecasting euro area quarterly real GDP that uses area-wide indicators, which are … information approach outperforms alternative forecasting methods in terms of forecast accuracy. …

This paper derives new theoretical results for forecasting with Global VAR (GVAR) models. It is shown that the presence … Purchasing Managers Indices (PMIs) for forecasting global (48 countries) growth, and compare forecasts from AugGVAR models with a … number of data-rich forecasting methods, including Lasso, Ridge, partial least squares and factor-based methods. It is found …

forecasting accuracy. Among the 10% best performing models for the short forecasting horizon, one fourth contain regional …

The use of large datasets for macroeconomic forecasting has received a great deal of interest recently. Boosting is one … forecasting a wide range of macroeconomic variables. Moreover, we analyse to what extent its forecasting accuracy depends on the …

spread—to predict economic recessions in the United States. We also examine the sources of forecasting gains using a …

forecasts based on exponential down-weighting critically depends on the choice of the weighting coefficient. The forecasting … techniques are applied to monthly inflation series of 21 OECD countries and it is found that average forecasting methods in …