Fernandez-de-Córdoba, Gonzalo; Torres, José L. - Departamento de Teoría e Historia Económica, Facultad … - 2009
During the past ten years Dynamic Stochastic General Equilibrium (DSGE) models have become an important tool in quantitative macroeconomics. However, DSGE models was not considered as a forecasting tool until very recently. The objective of this paper is twofold. First, we compare the...