How useful are DSGE macroeconomic models for forecasting?

DOI10.1007/s11079-013-9304-6zbMath1412.91078OpenAlexW2124446491MaRDI QIDQ2416058

Michael Wickens

Publication date: 23 May 2019

Published in: Open Economies Review (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s11079-013-9304-6

zbMATH Keywords

forecastingVAR modelsDSGE models

Mathematics Subject Classification ID

Inference from stochastic processes and prediction (62M20) Economic time series analysis (91B84) Dynamic stochastic general equilibrium theory (91B51)

Related Items (6)

Liquidity Shock, Animal Spirits and Bank Runs ⋮ A North-South trade model of offshoring and unemployment ⋮ Testing macro models by indirect inference: a survey for users ⋮ Testing DSGE models by indirect inference: a survey of recent findings ⋮ Inequality and economic growth in the UK ⋮ North and south: a regional model of the UK

Cites Work

• Robustifying forecasts from equilibrium-correction systems
• Forecasting with equilibrium-correction models during structural breaks
• Do DSGE Models Forecast More Accurately Out-Of-Sample than VAR Models?
• The Bias of Autoregressive Coefficient Estimators
• Forecasting and conditional projection using realistic prior distributions
• Stochastic Properties of the Klein-Goldberger Model

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