Comparing the DSGE model with the factor model : an out-of-sample forecasting experiment /
In this paper, we put DSGE forecasts in competition with factor forecasts. We focus on these two models since they represent nicely the two opposing forecasting philosophies. The DSGE model on the one hand has a strong theoretical economic background; the factor model on the other hand is mainly dat...
Main Author: | Wang, Mu-Chun |
---|---|
Format: | Book |
Language: | English |
Published: |
Frankfurt am Main :
Deutsche Bundesbank,
2008
|
Series: | Discussion paper (Deutsche Bundesbank). Series 1: economic studies
no. 04/2008 |
Subjects: | |
Online Access: | http://econstor.eu/bitstream/10419/19716/1/200804dkp.pdf |
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