"This monograph aims to collect recent theoretical insights and various empirical results for a rapidly developing area concerning the analysis of business and economic forecasts. Strictly following econometric textbooks one would be tempted to assume that forecasts are the outcome of a careful...

Greater data availability has been coupled with developments in statistical theory and economic theory to allow more elaborate and complicated models to be entertained. These include factor models, DSGE models, restricted vector autoregressions, and non-linear models.

This paper gives an overview of the present version of the quarterly model for the Belgian economy built at the National Bank of Belgium (NBB). This model can provide quantitative input into the policy analysis and projection processes within a framework that has explicit micro-foundations and...