Finance and Economics Discussion Series: Evaluating Dsge Model Forecasts of Comovements by Edward Herbst, Frank Schorfheide

Finance and Economics Discussion Series: Evaluating Dsge Model Forecasts of Comovements

Edward Herbst, Frank Schorfheide

46 pages paperback

36 editions

nonfiction politics
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This paper develops and applies tools to assess multivariate aspects of Bayesian Dynamic Stochastic General Equilibrium (DSGE) model forecasts and their ability to predict comovements among key macroeconomic variables. We construct posterior predi...

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