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October 3, 2008

Evaluating CPB's published GDP growth forecasts; a comparison with individual and pooled VAR based forecasts

We compare the accuracy of our published GDP growth forecasts from our large macro model, SAFFIER, to those produced by VAR based models using both classical and Bayesian estimation techniques.

January 9, 2008

Macroeconomic resilience in a DSGE model

Lack of resilience not well captured by model.

January 9, 2008

Macroeconomic resilience in a DSGE model

Lack of resilience not well captured by model.