distribution. As an empirical illustration, we use euro area data and compare the forecasting performance of the New Area …

This paper assesses the forecasting performance of various variable reduction and variable selection methods. A small … and a large set of wisely chosen variables are used in forecasting the industrial production growth for four Euro Area …

. 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 …

subjective choices in the setting of the prior. Moreover, it performs very well both in terms of out-of-sample forecasting …

provide more robust forecasts. We investigate this issue for forecasts from a range of short-term forecasting models. Our …

the beginning of 2018. They also have performed well in forecasting the direction of inflation. In terms of the …

distribution. As an empirical illustration, we use euro area data and compare the forecasting performance of the New Area …