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English Abstract: Time-varying parameter models have been widely spread in macroeconomic studies carried out over the … past 20 years. Following the seminal papers in this field, various authors began to apply such models to analyze the time … methodological basis for using time-varying parameter models as one of the underlying tools of macroeconomic modeling and forecasting …
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Forecasts showing how the economy will be developing are very important both for the government and for all the economic agents, including citizens. In Russia, the common practice is to forecast based on price assumptions for hydrocarbons, primarily oil. Such an approach causes serious errors....
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