it comes to real-time forecasting performance, we find that the yield spread is an important predictor of GDP growth, and …

amount of support within sample, it appears to be of more limited importance from a forecasting perspective. …

distribution. As an empirical illustration, we use euro area data and compare the forecasting performance of the New Area …

This paper assesses the forecasting performance of various variable reduction and variable selection methods. A small … and a large set of wisely chosen variables are used in forecasting the industrial production growth for four Euro Area …

setting. Monte Carlo evidence and an empirical forecasting exercise show clear and important gains of the new priors compared …

We compare the forecasting performances of the classical and the Minnesota-type Bayesian vector autoregressive (VAR … algorithm for variable selection, estimated using Markov Chain Monte Carlo methods. In this regard, we analyze the forecasting … the linear fixed coefficients classical VAR. However, we do not observe marked gains in forecasting power across the …