The forecast performance of the empirical ESTAR model of Taylor et al. (2001) is examined for 4 bilateral real exchange … forecast gains over a simple AR(1) model exist at any of the forecast horizons that are considered, regardless of whether point … study shows that the non-linearity in the point forecasts of the ESTAR model decrease as the forecast horizon increases …

Growth and currency in circulation etc. In this paper, we have attempted to forecast monthly YoY inflation for Pakistan by … using ANN for FY08 on the basis of monthly data of July 1993 to June 2007. We also compare the forecast performance of the … criterion forecast based on ANN are more precise. …

The forecast performance of the empirical ESTAR model of Taylor, Peel and Sarno (2001) is examined for 4 bilateral real … constructed, considering forecast horizons of 1 to 22 steps head. The study finds that no forecast gains over a simple AR(1 …) specification exist at any of the forecast horizons that are considered, regardless of whether point or density forecasts are …

VARs. The economic models generate similar forecast errors to one another. However, at horizons of one to two years and …

comprehensive source document on the structure and underlying theory in the various Canadian macroeconomic models, and a review of …