Lees, Kirdan; Matheson, Troy; Smith, Christie - In: International Journal of Forecasting 27 (2011) 2, pp. 512-528
We construct a DSGE-VAR model for competing head to head with the long history of published forecasts of the Reserve Bank of New Zealand. We also construct a Bayesian VAR model with a Minnesota prior for forecast comparison. The DSGE-VAR model combines a structural DSGE model with a statistical...
