. While the forecasting error of the combined forecast tends to be systematically smaller than that of the individual model …

to the cross-sectional dimension, the forecasting performance of small monetary VARs can be improved by adding additional …

. Nevertheless, their forecasting properties are still barely explored. We fill this gap by comparing the quality of real … priors from a DSGE model. We show that the analyzed DSGE model is relatively successful in forecasting the US economy in the … accurate short-term forecasts for interest rates. Conditional on experts' now casts, however, the forecasting power of the DSGE …

literature was found to have promising forecasting abilities, it is possible to further improve the performance if the … coefficient adjustment. With this calibration of the Kalman filter model the short-term out-ofsample forecasting accuracy can be …

the adjustment of exchange rate expectations. Our findings are robust to different forecasting horizons and point to an …