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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 …
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to forecasting area-wide industrial production. To this end, we use various tests that are designed to compare competing …
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We perform a comprehensive examination of the recursive, comparative predictive performance of a number of linear and non-linear models for UK stock and bond returns. We estimate Markov switching, threshold autoregressive (TAR), and smooth transition autoregressive (STR) regime switching models,...
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series has been use for the forecasting the shock occurring in the economic data series. Objective and Subjective technique …
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