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

This paper provides an outlook for the Indian economy in the light of the extraordinary global financial crisis, that … worse. The analysis undertaken for this paper shows that the global crisis is likely to bring the Indian GDP growth rate … structural reforms. The paper provides a short-term forecast for GDP growth based on a model of leading economic indicators. We …

This paper examines whether the presence of parameter instabilities in dynamic stochastic general equilibrium (DSGE …) models affects their forecasting performance. We apply this analysis to medium-scale DSGE models with and without financial … with financial frictions outperform in forecasting inflation but not the GDP growth rate. …