Fernández de Córdoba, Gonzalo; Torres, José L. - In: SERIEs : Journal of the Spanish Economic Association 2 (2011) 3, pp. 379-399
Over the past 10 years dynamic stochastic general equilibrium (DSGE) models have become an important tool in quantitative macroeconomics. However, DSGE models were not considered as a forecasting tool until very recently. The objective of this paper is twofold. First, we compare the forecasting...