replaced with an alternative extension (MLME) which incorporates a computable general equilibrium model. The CGE model has been …

(MLME) which uses computable general equilibrium (CGE) modelling techniques. Compared to the WLME, the MLME relies less on …

higher frequency auxiliary data only for forecasting (see Giannone, Monti and Reichlin (2016)). The second method transforms … our method substantially decreases forecasting errors for recessions, but casting the model in a monthly frequency …

higher frequency auxiliary data only for forecasting (see Giannone, Monti and Reichlin (2016)). The second method transforms … our method substantially decreases forecasting errors for recessions, but casting the model in a monthly frequency …

forecasting. To further improve the forecasting, we modify our calibration approach by increasing the trader information set …

forecasting. To further improve the forecasting, we modify our calibration approach by increasing the trader information set …

The article discusses processes of validating structural forecasting models It summarizes methods of evaluating the … goodness of fit of model Simulations over historical periods and methods of comparing the forecasting behavior of structural … models with that of Simple time series models The net trade model provides a case study for these two validation processes …

forecasting. To further improve the forecasting, we modify our calibration approach by increasing the trader information set …