Cardani, Roberta; Paccagnini, Alessia; Bekiros, Stelios - 2016
-scale DSGE model à la Smets and Wouters (2007). Exploiting data on expectations from surveys, we show that incorporating … exercise to compare the pseudo out-of-sample predictive performance of the estimated DSGE model with a Bayesian VAR and a DSGE …-VAR models. DSGE model with expectations outperforms others for inflation; while for output and short term-interest rate the DSGE …