policy analysis, spillover analysis, and forecasting applications of the estimated model are demonstrated, based on a …

inflation and is shown to be Granger-causal for euro area inflation in an out-of-sample forecasting exercise. In part, this …

inflation and is shown to be Granger-causal for euro area inflation in an out-of-sample forecasting exercise. In part, this … liquidity ; euro area ; inflation ; monetary policy ; interest rate channel ; forecasting accuracy. …

in the international data. The largest forecasting accuracy gains from including international predictors are at longer … forecast horizons. The forecasting performance achievable with the data-rich methods differs widely, with shrinkage methods and … information for New Zealand growth over our sample. -- Forecasting ; factor models ; shrinkage methods ; principal components …

examine how model specifications and prior choices affect the forecasting performance for GDP growth, inflation, and a short … forecasting inflation. It also has the best density forecast performance for output growth and the interest rate. Adding foreign …