Multivariate Forecasting with BVARs and DSGE Models

In this paper I assess the ability of Bayesian vector autoregressions (BVARs) and dynamic stochastic general equilibrium (DSGE) models of different size to forecast comovements of major macroeconomic series in the euro area. Both approaches are compared to unrestricted VARs in terms of multivariate...

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Veröffentlicht in:	Journal of forecasting 2016-12, Vol.35 (8), p.718-740
1. Verfasser:	Berg, Tim Oliver
Format:	Artikel
Sprache:	eng
Schlagworte:	Bayesian analysis BVARs DSGE models Euro euro area Europe large dataset Macroeconomics Multivariate analysis multivariate forecasting simulation methods Stochastic models
Online-Zugang:	Volltext
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