innovational outliers, within a forecasting framework for macroeconomic variables. Drawing on data from the COVID-19 pandemic, the … outperform both those with innovational outlier corrections and no outlier corrections in forecasting post-pandemic household …-lived extreme observations, as in the case of pandemics. These results carry important implications for macroeconomic forecasting …

variables by aggregation. To investigate the potential gain in using such a large information set, we compare the forecasting …