represent nicely the two opposing forecasting philosophies. The DSGE model on the one hand has a strong theoretical economic …-horizon forecasting and structural models should be used in long-horizon forecasting. Our paper compareds both state-of-the art data …

forecasting performance of OECD projections for GDP growth rates and inflation. We diagnose a much better forecasting record for …

relate to the forecasting environment (which cannot be influenced by the forecasters). Among the variables capturing the … forecasting design (which can, by contrast, be influenced by the forecasters), the size of the dataset from which factors are … unbalanced panel, whether restrictions implied by the factor structure are imposed in the forecasting equation or not and whether …

in-sample properties of the estimator in real-time environments and methods for out-of-sample forecasting. As an …

paper, we compare their performance in a relevant case for policy making, i.e., nowcasting and forecasting quarterly GDP …