scenario analysis of the Irish economy. Most recently the model has been used to generate the scenarios underpinning the 2013 … economy has undergone substantial change and new approaches to modelling important economic relationships have been developed … key mechanisms and the modelling innovations which have been introduced to deal with major changes in the economy. As the …

synchronized with the Fed's Greenbook forecast. This dataset consists of a large number of variables, as observed at the time of … each Greenbook forecast since 1979. Thus, we can compare real-time large dataset predictions to both simple univariate … methods and to the Greenbook forecast. For inflation we find that univariate methods are dominated by the best atheoretical …