Clark, Todd E.; McCracken, Michael W. - Federal Reserve Board (Board of Governors of the … - 2007
Bundesbank and Federal Reserve Bank of Kansas City, and partici-
pants at the Bank of England Workshop on Econometric Forecasting … on economic
forecasting. The views expressed herein are solely those of the authors and do not necessarily reflect the … out–of–sample forecasting...” (Diebold (1998)). Although an
emphasis on parsimony may be justified on various grounds …