“Dave” Liu, Guangling; Gupta, Rangan; Schaling, Eric - In: Journal of Economic Studies 37 (2010) 2, pp. 181-195
hybrid‐DSGE model outperforms the classical VAR, but not the Bayesian VARs in terms of out‐of‐sample forecasting performances … flexibility of the atheoretical VAR model. Design/methodology/approach – The model is estimated via the maximum likelihood … Bayesian variants of the VAR for the period 2001:1‐2005:4. Findings – The results indicate that, in general, the estimated …