In this paper we review the methodology of forecasting with log-linearised DSGE models using Bayesian methods. We focus … matrix of h-step ahead forecasts. In the empirical analysis, we examine the forecasting performance of the New Area … scope for improving the NAWM's forecasting performance. For example, the model is not able to explain the moderation in wage …

In this paper we review the methodology of forecasting with log-linearised DSGE models using Bayesian methods. We focus … matrix of h-step ahead forecasts. In the empirical analysis, we examine the forecasting performance of the New Area … scope for improving the NAWM's forecasting performance. For example, the model is not able to explain the moderation in wage …

), is used by the Riksbank for interpretation of economic developments, forecasting, scenarios, and policy analysis. It …

forecasting model necessary in the MNB. The model represents a small open economy. It is based on the DSGE philosophy but it … deviates from it at several points. The new features of the model, compared to previous forecasting models of the MNB, are that … analysis, and the model fits into the MNB’s forecasting framework successfully. …