The post-crisis environment has posed important challenges to standard forecasting models. In this paper, we exploit …-VAR and Augmented-(B)VARDSGE methods) and assess their use for forecasting the Spanish economy. Our empirical findings suggest … with (B)VAR methods does not give rise to any relevant gain in terms of forecasting accuracy. …

Building on a proper selection of macroeconomic variables for constructing a GDP forecasting multivariate model … (Kazanas, 2017), this paper evaluates whether alternative Bayesian model specifications can provide greater forecasting …’s prior (1979) and a Bayesian VAR with time-varying parameters (TVP-BVAR) (Primiceri, 2005). The out-of-sample forecasting …

a small VAR model when forecasting GDP growth, CPI inflation and unemployment rate. We find consistent evidence that the …