Pesaran, M. Hashem; Schuermann, Til; Smith, L. Vanessa - Federal Reserve Bank of New York - 2008
This paper considers the problem of forecasting real and financial macroeconomic variables across a large number of countries in the global economy. To this end, a global vector autoregressive (GVAR) model previously estimated over the 1979:Q1-2003:Q4 period by Dees, de Mauro, Pesaran, and Smith...
