represent nicely the two opposing forecasting philosophies. The DSGE model on the one hand has a strong theoretical economic …-horizon forecasting and structural models should be used in long-horizon forecasting. Our paper compareds both state-of-the art data …

encouraging. In a pseudo out-of-sample exercise, our approach beats relevant benchmarks for forecasting CPI inflation and an …

the beginning of 2018. They also have performed well in forecasting the direction of inflation. In terms of the …

what causes large factor models to perform better or more poorly at forecasting than other models. Our results suggest that …

forecasts, respectively. Whether forecasters rely on a balanced or an unbalanced panel and how the forecasting equation is …

The main goal of the article is to investigate forecasting quality of two approaches to modelling main macroeconomic … accuracy not inferior to that of structural models. Additional advantage of their approach is that the forecasting procedure … can be mostly automated and the influence of subjective decisions made in the forecasting process can be significantly …