represent nicely the two opposing forecasting philosophies. The DSGE model on the one hand has a strong theoretical economic …-horizon forecasting and structural models should be used in long-horizon forecasting. Our paper compareds both state-of-the art data …-driven and theory-based modelling in a rigorous manner. …

pools, and use it to investigate the relative forecasting performance of dynamic stochastic general equilibrium (DSGE …

equilibrium (DSGE) models, estimated using Bayesian techniques, can become an additional useful tool in the forecasting kit of … central banks. First, we show that the forecasting performance of such models compares well with a-theoretical vector …

model. We illustrate the proposed methodology with a real-time forecasting exercise, using a simple neo-Keynesian dynamic …

We review the efficacy of three approaches to forecasting elections: econometric models that project outcomes on the … in each forecasting technology, and also because the increased majority achieved by the Coalition surprised most pundits … various betting agencies suggests a more reasonable degree of volatility, and useful forecasting performance both throughout …

prove to be valuable tools in forecasting, decision-making and risk management - in both the public and private sectors …