Lees, Kirdan; Matheson, Troy; Smith, Christie - College of Business and Economics, Australian National … - 2007
We evaluate the performance of an open economy DSGE-VAR model for New Zealand along both forecasting and policy dimensions. We show that forecasts froma DSGE-VAR and a "vanilla" DSGE model are competitive with, and in some dimensions superrior to, the Reserve Bank of New Zealand's official...
