short-term forecasting models. These empirical findings have been established for different macroeconomic data sets and … specification is most effective in its forecasting performance. Furthermore, the forecast performances of the different … extended empirical out-of-sample forecasting competition for quarterly growth of gross domestic product in the euro area and …

This paper introduces the Bank of England's new forecasting platform and provides examples of how it can be applied to … practical forecasting problems. The platform consists of four components: COMPASS, a structural central organising model; a …

forecasting models). The performance of forecasts from all three sources deteriorates substantially following the financial crisis …

in forecasting GDP growth and CPI inflation in real time between 2000 and 2012. We find that the BVAR outperformed … COMPASS when forecasting both GDP and its expenditure components. In contrast, the performance of these models was similar … when forecasting CPI. We also find that, despite underpredicting inflation at most forecast horizons, the BVAR density …

forecasting performance of the various model specifications. The extension of a basic growth model with a constant mean to models … expectations is important for forecasting growth in specific periods, such as the the recession periods around 2000s and around …