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 …

We assess the marginal predictive content of a large international dataset for forecasting GDP in New Zealand, an … capturing a substantial proportion of the predictive information in the international data. The largest forecasting accuracy … gains from including international predictors are at longer forecast horizons. The forecasting performance achievable with …

This paper considers factor forecasting with national versus factor forecasting withinternational data. We forecast … estimation using targeted predictors following Bai and Ng [Forecasting economic time series using targeted predictors, Journal of … Econometrics 146 (2008), 304-317]. The results are as follows: Forecasting without data preselection favours the use of German data …

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 …

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 …