Skip navigation
Skip navigation

Combining VAR and DSGE forecast densities

Bache, Ida Wolden; Sofie Jore, Anne; Mitchell, James; Vahey, Shaun


A popular macroeconomic forecasting strategy utilizes many models to hedge against instabilities of unknown timing; see (among others) Stock and Watson (2004), Clark and McCracken (2010), and Jore et al. (2010). Existing studies of this forecasting strategy exclude dynamic stochastic general equilibrium (DSGE) models, despite the widespread use of these models by monetary policymakers. In this paper, we use the linear opinion pool to combine inflation forecast densities from many vector...[Show more]

CollectionsANU Research Publications
Date published: 2011
Type: Journal article
Source: Journal of Economic Dynamics and Control
DOI: 10.1016/j.jedc.2011.04.006


File Description SizeFormat Image
01_Bache_Combining_VAR_and_DSGE_2011.pdf195.42 kBAdobe PDF    Request a copy
02_Bache_Combining_VAR_and_DSGE_2011.pdf388.34 kBAdobe PDF    Request a copy

Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.

Updated:  20 July 2017/ Responsible Officer:  University Librarian/ Page Contact:  Library Systems & Web Coordinator