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important for monetary policy analysis, i.e. inflation, GDP, productivity, employment, labour force, unemployment and financial … usually limited to the first year. Furthermore, we find that the inflation forecasts exhibit several appealing features, such … misjudgements for productivity growth have had effects on forecasts for both inflation and GDP, but the results suggest that the …
Persistent link: https://www.econbiz.de/10005649106
When generating conditional forecasts in dynamic models it is common to impose the conditions as restrictions on future structural shocks. However, these conditional forecasts often ignore that there may be uncertainty about the future development of the restricted variables. Our paper therefore...
Persistent link: https://www.econbiz.de/10008671766