Is forecasting with large models informative? Assessing the role of judgement in macroeconomic forecasts

DOI10.1002/for.1173zbMath1211.91203OpenAlexW3125903405MaRDI QIDQ2997940

Ricardo Mestre, Peter McAdam

Publication date: 10 May 2011

Published in: Journal of Forecasting (Search for Journal in Brave)

Full work available at URL: https://www.ecb.europa.eu//pub/pdf/scpwps/ecbwp950.pdf

zbMATH Keywords

forecast accuracystructural breakmacro modelout-of-sampleeconomic monetary unionin-sampleforecast projections

Mathematics Subject Classification ID

Statistical methods; economic indices and measures (91B82)

Cites Work

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• Model uncertainty and policy evaluation: some theory and empirics
• Adaptive learning in practice
• A simple recursive forecasting model
• In-Sample or Out-of-Sample Tests of Predictability: Which One Should We Use?
• Evaluating Direct Multistep Forecasts

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