content and its potential use for fiscal forecasting and monitoring purposes. The models are estimated with annual and …

. Nevertheless, their forecasting properties are still barely explored. We fill this gap by comparing the quality of real … priors from a DSGE model. We show that the analyzed DSGE model is relatively successful in forecasting the US economy in the … accurate short-term forecasts for interest rates. Conditional on experts' now casts, however, the forecasting power of the DSGE …

economic forecasting process at the Treasury. This paper has three purposes. The first is to give readers an idea of the key … Treasury's forecasting process. …