Zadrozny, Peter A. - 2022
eqs. that Lucas (1976) advocated for making policy predictions. Sims (1980) called identifying restrictions on deep … out-of-sample policy predictions of forwardly-est. RES eqs. inaccurate. Sims (1980, 1986) instead advocated directly … estimating OVAR eqs. restricted by statistical restrictions and directly using directly-est. OVAR eqs. To make policy predictions …