. Nevertheless, their forecasting properties are still barely explored. We fill this gap by comparing the quality of real … priors from a DSGE model. We show that the analyzed DSGE model is relatively successful in forecasting the US economy in the … accurate forecasting power of the DSGE turns out to be similar or better than that of the SPF for all the variables and …

reversion and assume that relative prices are unchanged. Direct forecasting or panel data techniques are better than the random …

better quality than PPP. The MB approach has the most appealing economic interpretation, but performs poorly in forecasting …