find evidence that the CLI encompasses useful information for forecasting industrial production, particularly over horizons …

pools, and use it to investigate the relative forecasting performance of dynamic stochastic general equilibrium (DSGE …

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 …

partial least squares (PLS) regression to extract dynamic factors from the data set. Our forecasting analysis considers ten …. -- Commodity prices ; forecasting ; exchange rates ; factor models ; PLS regression …

and forecasting the global outlook. Our main results are that (i) the rise of the emerging countries has sharply altered … the correlation of growth rates among the main economic areas; (ii) this is clearly detectable in forecasting equations as …

-consistent single-equation forecasting specification implied by theory, exploiting the international linkages of inflation. In this …-García (Forthcoming) use for inflation forecasting. We make note in particular of the role that the slope of the Phillips curve plays in … the equilibrium solution of the workhorse open-economy New Keynesian model and for forecasting purposes. We also include …

partial least squares (PLS) regression to extract dynamic factors from the data set. Our forecasting analysis considers ten …