We produce predictions of the previous, the current, and the next quarter of NorwegianGDP. To this end, we estimate a Bayesian Dynamic Factor model on a panel of 14variables (all followed closely by market operators) ranging from 1990 to 2011. By meansof a real time forecasting exercise we show...

We consider the problem of optimally combining individual forecasts of gross domestic product (GDP) and inflation from the Survey of Professional Forecasters (SPF) dataset for the Euro Area. Contrary to the common practice of using equal combination weights, we compute optimal weights which...