Smets, Frank; Warne, Anders; Wouters, Rafael - In: International Journal of Forecasting 30 (2014) 4, pp. 981-995
This paper analyses the real-time forecasting performance of the New Keynesian DSGE model of Galí, Smets and Wouters (2012), estimated on euro area data. It investigates the extent to which the inclusion of forecasts of inflation, GDP growth and unemployment by professional forecasters improve...
