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on trade. In addition, shocks to credit supply constrained export supply further exacerbating the decline in trade. Most …
Persistent link: https://www.econbiz.de/10013096140
on trade. In addition, shocks to credit supply constrained export supply, further exacerbating the decline in trade. Most …
Persistent link: https://www.econbiz.de/10013078102
on trade. In addition, shocks to credit supply constrained export supply further exacerbating the decline in trade. Most …
Persistent link: https://www.econbiz.de/10012460028
Persistent link: https://www.econbiz.de/10012305528
monetary policy generated a policy environment without precedents. We document the real real-time forecasting performance of … pseudo real-time forecasting performance results from a battery of DSGE models. We find the New York Fed DSGE model …’s forecasting accuracy to be comparable to that of private forecasters - and notably better, for output growth, than the median …
Persistent link: https://www.econbiz.de/10011806275
Forecasts by the Board staff for economic activity during the Great Recession proved to be overly optimistic on some dimensions, such as GDP, and yet were appropriately pessimistic on other dimensions, such as the GDP gap (the deviation of GDP from potential output)
Persistent link: https://www.econbiz.de/10014091653
Persistent link: https://www.econbiz.de/10010412035
We propose a parsimonious semiparametric method for macroeconomic forecasting during episodes of sudden changes. Based … the most recent block of observations, and with the matched blocks we proceed to forecast. One possibility is to compare …
Persistent link: https://www.econbiz.de/10011708260
Persistent link: https://www.econbiz.de/10010245722
.S. Our results indicate that most of the a-posteriori official recession dates could have been forecast as early as April …
Persistent link: https://www.econbiz.de/10013120549