Milas, Costas; Rothman, Philip - In: International Journal of Forecasting 24 (2008) 1, pp. 101-121
In this paper we use smooth transition vector error-correction models (STVECMs) in a simulated out-of-sample forecasting experiment for the unemployment rates of the four non-Euro G-7 countries, the U.S., the U.K., Canada, and Japan. For the U.S., pooled forecasts constructed by taking the...
