This paper provides a methodology for combining forecasts based on several discrete choice models. This is achieved primarily by combining one-step-ahead probability forecast associated with each model. The paper applies well-established scoring rules for qualitative response models in the...

China's monetary policy is unconventional and constantly evolving as a result of its rapid economic development. This paper proposes to use fore-cast combinations to predict the People's Bank of China's monetary policy stance with a large set of 73 macroeconomic and financial predictors covering...