) models affects their forecasting performance. We apply this analysis to medium-scale DSGE models with and without financial … with financial frictions outperform in forecasting inflation but not the GDP growth rate. …

-of-sample forecasting environments. Furthermore, the predictive ability of our macro-financial measures frequently exceeds that of purely …

We address the issue of modelling and forecasting macroeconomic variables using medium and large datasets, by adopting …

In this paper, we study main problems and practical issues of modeling and forecasting of macroeconomic variables in … variables and employ two forecasting methodologies (Waggoner and Zha (1999), Banbura, Giannone and Lenza (2014)) to construct … modeling and forecasting of macroeconomic variables and provide some policy recommendations to improve quality of statistical …

In this study, we investigate forecasting performance of various univariate and multivariate models in predicting … forecasting ability of the different models with that of naïve ones. We find that for all forecast horizons simple naïve models … have equal forecasting ability with relatively sophisticated models which allow for richer economic dynamics. To check …