Structural Models in Real Time

WPIEA2010056 Image
Price:  $18.00

Author/Editor: Jaromir Benes, Marianne Johnson, Kevin Clinton, Troy Matheson, Douglas Laxton
Release Date: © March, 2010
ISBN : 978-1-45196-362-5
Stock #: WPIEA2010056
Stock Status: On back-order

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This paper outlines a simple approach for incorporating extraneous predictions into structural models. The method allows the forecaster to combine predictions derived from any source in a way that is consistent with the underlying structure of the model. The method is flexible enough that predictions can be up-weighted or down-weighted on a case-by-case basis. We illustrate the approach using a small quarterly structural and real-time data for the United States.


Economic policy , Monetary policy

More publications in this series: Working Papers

More publications by: Jaromir Benes ; Marianne Johnson ; Kevin Clinton ; Troy Matheson ; Douglas Laxton