Hodge, Andrew; Robinson, Tim; Stuart, Robyn - Reserve Bank of Australia - 2008
This paper estimates a small structural model of the Australian economy, designed principally for forecasting the key … foundations, which are often used for forecasting, the Bayesian Vector Autoregressive Dynamic Stochastic General Equilibrium (BVAR … prior information for the VAR. The forecasting performance of the model is competitive with benchmark models such as a …