A common explanation for the inability of the monetary model to beat the random walk in forecasting future exchange …. This paper provides an extensive evaluation of this power argument to the use of panel data in the forecasting context. In … power gains, pooling only the parameters of the forecasting equation, as has been suggested in the previous literature, does …

setting. Monte Carlo evidence and an empirical forecasting exercise show clear and important gains of the new priors compared …

forecasting one-month ahead, especially with Bayesian VARs. Furthermore, for both real and nominal variables, the direct pooling …

factors to quarterly GDP estimates. We conduct an out-of-sample forecasting simulation exercise, where the performance of the …

This paper performs a fully real-time nowcasting (forecasting) exercise of US real gross domestic product (GDP) growth …