. 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 short-term forecasts for interest rates. Conditional on experts' now casts, however, the forecasting power of the DSGE …

We run a real exchange rate forecasting "horse race", which highlights that two principles hold. First, forecasts … real exchange rate forecasting. However, it fails to forecast nominal exchange rates better than the random walk. We find …