This paper develops bootstrap methods for testing whether, in a finite sample, competing out-of-sample forecasts from nested models are equally accurate. Most prior work on forecast tests for nested models has focused on a null hypothesis of equal accuracy in population basically, whether...

This paper presents analytical, Monte Carlo, and empirical evidence linking in-sample tests of predictive content and out-of-sample forecast accuracy. Our approach focuses on the negative effect that finite-sample estimation error has on forecast accuracy despite the presence of significant...

New Governance for a New Rural Economy: Reinventing Public and Private Institutions focused on the need for new approaches to regional governance in rural America.  The conference highlighted useful cases of new governance models, featuring examples from higher education, government, and the...