. 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 …

matrix and averages model estimates across all data releases. Using standard forecasting and policy models to analyze … monetary authorities' reaction functions, we show that this simple method can improve forecasting performance and provide …

countries – Italy, France and Germany – utilising only current and past financial market information. The longer the forecasting … analysed countries, the overall forecasting performance of the tracking portfolios is the best for the United States, and the … method employed here clearly outperforms the forecasting performance of a more traditional VAR approach. …