out to assess the forecasting performance of the estimated models, using predictive ability and model confidence set tests …. This latter allows getting several models displaying equivalent forecasting performance and therefore gives robustness to … the forecasting exercise rather than to base the forecasting analysis only on one model. …

The paper develops a Small Open Economy New Keynesian DSGE-VAR (SOENKDSGE-VAR) model of the South African economy … SOENKDSGE-VAR model is compared with an independently estimated DSGE model, the classical VAR and six alternative BVAR models …, we find that, barring the BVAR model based on the SSVS prior on both VAR coefficients and the error covariance, the …

model using Bayesian techniques and evaluate the forecasting properties. Additionally, we provide an impulse response …

Phillips curve motivated time varying parameter model, a suite of VAR and Bayesian VAR models and dynamic factor models. Our …

inflation forecasts. Our forecasting approach is based on extracting the factors from the subcomponents of the CPI at the … disaggregated price data improves forecasting performance. The forecasts of the factor models that extract the information from the …