judgement set has a specific dynamic impact on the system, and accordingly, a particular predictive density - or fan chart … - associated with it. A weighted linear combination of the predictive densities yields a final predictive density that correctly …

This paper is concerned with estimation of a predictive density with parametric constraints under Kullback–Leibler loss … equivariant predictive density estimator are derived. These conditions are applied to check minimaxity in various restricted …

. With respect to predictive density evaluation, our results suggest that the standard sticky price model discussed in Calvo …In this paper we construct output gap and inflation predictions using a variety of DSGE sticky price models. Predictive … density accuracy tests related to the test discussed in Corradi and Swanson (2005a) as well as predictive accuracy tests due …