. 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 …

to the cross-sectional dimension, the forecasting performance of small monetary VARs can be improved by adding additional …

In this paper we review the methodology of forecasting with log-linearised DSGE models using Bayesian methods. We focus … matrix of h-step ahead forecasts. In the empirical analysis, we examine the forecasting performance of the New Area … scope for improving the NAWM’s forecasting performance. For example, the model is not able to explain the moderation in wage …

This paper presents a parsimonious model for forecasting and analysing euro area house prices and their interrelations …

short-term interest rate, stock returns or corporate bond spreads. The forecasting performance is very good for the United …