Altig, David E; Carlstrom, Charles T; Lansing, Kevin J - In: Journal of Money, Credit and Banking 27 (1995) 4, pp. 1472-93
This paper argues that variations of extant general-equilibrium monetary models are capable of generating real-time economic forecasts comparable in accuracy to those generated under the standard Federal Reserve Board staff methodology. Specifically, the authors argue that, over the period from...