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The Prediction Performance of the FRB-MIT-PENN Model of the U.S. Economy
Citations
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As found by EconAcademics.org, the blog aggregator for Economics research:- Ben Bernanke's Legacy
by Stephen Williamson in Stephen Williamson: New Monetarist Economics on 2014-01-27 00:21:00 - What's a Macro Model Good For?
by Stephen Williamson in Stephen Williamson: New Monetarist Economics on 2017-01-16 04:38:00
Citations
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Cited by:
- Cars Hommes & Kostas Mavromatis & Tolga Ozden & Mei Zhu, 2019. "Behavioral learning equilibria in the New Keynesian model," DNB Working Papers 654, Netherlands Central Bank, Research Department.
- Fildes, Robert & Stekler, Herman, 2002. "The state of macroeconomic forecasting," Journal of Macroeconomics, Elsevier, vol. 24(4), pages 435-468, December.
- Diebold, Francis X. & Rudebusch, Glenn D., 2022.
"Probability assessments of an ice-free Arctic: Comparing statistical and climate model projections,"
Journal of Econometrics, Elsevier, vol. 231(2), pages 520-534.
- Francis X. Diebold & Glenn D. Rudebusch, 2019. "Probability Assessments of an Ice-Free Arctic: Comparing Statistical and Climate Model Projections," PIER Working Paper Archive 20-001, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
- Francis X. Diebold & Glenn D. Rudebusch, 2020. "Probability Assessments of an Ice-Free Arctic: Comparing Statistical and Climate Model Projections," NBER Working Papers 28228, National Bureau of Economic Research, Inc.
- Francis X. Diebold & Glenn D. Rudebusch, 2019. "Probability Assessments of an Ice-Free Arctic: Comparing Statistical and Climate Model Projections," Papers 1912.10774, arXiv.org, revised Jul 2021.
- Francis X. Diebold & Glenn D. Rudebusch, 2020. "Probability Assessments of an Ice-Free Arctic: Comparing Statistical and Climate Model Projections," Working Paper Series 2020-02, Federal Reserve Bank of San Francisco.
- Adam Elbourne & Coen Teulings, 2011. "The potential of a small model," CPB Discussion Paper 193.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
- Christopher L. Gilbert & Duo Qin, 2007. "Representation in Econometrics: A Historical Perspective," Working Papers 583, Queen Mary University of London, School of Economics and Finance.
- Arshanapalli, Bala & Doukas, John, 1994. "Common stochastic trends in a system of Eurocurrency rates," Journal of Banking & Finance, Elsevier, vol. 18(6), pages 1047-1061, December.
- Lütkepohl, Helmut & Schlaak, Thore, 2019.
"Bootstrapping impulse responses of structural vector autoregressive models identified through GARCH,"
Journal of Economic Dynamics and Control, Elsevier, vol. 101(C), pages 41-61.
- Helmut Lütkepohl & Thore Schlaak, 2018. "Bootstrapping Impulse Responses of Structural Vector Autoregressive Models Identified through GARCH," Discussion Papers of DIW Berlin 1750, DIW Berlin, German Institute for Economic Research.
- Michael P. Clements & David I. Harvey, 2010.
"Forecast encompassing tests and probability forecasts,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 25(6), pages 1028-1062.
- Clements, Michael P & Harvey, David I, 2006. "Forecast Encompassing Tests and Probability Forecasts," The Warwick Economics Research Paper Series (TWERPS) 774, University of Warwick, Department of Economics.
- Clements, Michael P. & Harvey, David I., 2006. "Forecast Encompassing Tests and Probability Forecasts," Economic Research Papers 269744, University of Warwick - Department of Economics.
- Xiaoming Cai & Wouter J. Den Haan & Jonathan Pinder, 2016. "Predictable Recoveries," Economica, London School of Economics and Political Science, vol. 83(330), pages 307-337, April.
- Juan Jose Echavarria & Mauricio Villamizar-Villegas, 2016.
"Great expectations? evidence from Colombia’s exchange rate survey,"
Latin American Economic Review, Springer;Centro de Investigaciòn y Docencia Económica (CIDE), vol. 25(1), pages 1-27, December.
- Juan José Echavarría & Mauricio Villamizar, 2012. "Great expectations? Evidence from Colombia´s exchange rate survey," Borradores de Economia 9999, Banco de la Republica.
- Juan José Echavarría & Mauricio Villamizar, 2012. "Great expectations? Evidence from Colombia’s exchange rate survey," Borradores de Economia 735, Banco de la Republica de Colombia.
- TERREGROSSA Salvatore, 2010. "On the Efficacy of Constraints on the Linear Combination Forecast Model," EcoMod2003 330700144, EcoMod.
- Prem P. Talwar & Edward J. Chambers, 1993. "Forecasting Provincial Business Indicator Variables and Forecast Evaluation," Urban Studies, Urban Studies Journal Limited, vol. 30(10), pages 1763-1773, December.
- Geweke, John F. & Horowitz, Joel L. & Pesaran, M. Hashem, 2006.
"Econometrics: A Bird's Eye View,"
IZA Discussion Papers
2458, Institute of Labor Economics (IZA).
- Geweke, J. & Joel Horowitz & Pesaran, M.H., 2006. "Econometrics: A Bird’s Eye View," Cambridge Working Papers in Economics 0655, Faculty of Economics, University of Cambridge.
- John Geweke & Joel Horowitz & M. Hashem Pesaran, 2006. "Econometrics: A Bird’s Eye View," CESifo Working Paper Series 1870, CESifo.
- repec:rre:publsh:v:33:y:2003:i:1:p:85-103 is not listed on IDEAS
- repec:lan:wpaper:539557 is not listed on IDEAS
- Neroli Austin & Geordie Reid, 2017. "NZSIM: A model of the New Zealand economy for forecasting and policy analysis," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 80, pages 1-14, January.
- Armstrong, J. Scott & Green, Kesten C. & Graefe, Andreas, 2015.
"Golden rule of forecasting: Be conservative,"
Journal of Business Research, Elsevier, vol. 68(8), pages 1717-1731.
- Armstrong, J. Scott & Green, Kesten C. & Graefe, Andreas, 2014. "Golden Rule of Forecasting: Be conservative," MPRA Paper 53579, University Library of Munich, Germany.
- Ewa Ratuszny, 2015. "Risk Modeling of Commodities using CAViaR Models, the Encompassing Method and the Combined Forecasts," Dynamic Econometric Models, Uniwersytet Mikolaja Kopernika, vol. 15, pages 129-156.
- Larson, William D. & Sinclair, Tara M., 2022.
"Nowcasting unemployment insurance claims in the time of COVID-19,"
International Journal of Forecasting, Elsevier, vol. 38(2), pages 635-647.
- William D. Larson & Tara M. Sinclair, 2020. "Nowcasting Unemployment Insurance Claims in the Time of COVID-19," Working Papers 2020-004, The George Washington University, Department of Economics, H. O. Stekler Research Program on Forecasting, revised Aug 2020.
- William D. Larson & Tara M. Sinclair, 2020. "Nowcasting unemployment insurance claims in the time of COVID-19," CAMA Working Papers 2020-63, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- William D. Larson & Tara M. Sinclair, 2020. "Nowcasting Unemployment Insurance Claims in the Time of COVID-19," FHFA Staff Working Papers 20-02, Federal Housing Finance Agency.
- Bouras, Christos & Christou, Christina & Gupta, Rangan & Lesame, Keagile, 2023.
"Forecasting state- and MSA-level housing returns of the US: The role of mortgage default risks,"
Research in International Business and Finance, Elsevier, vol. 65(C).
- Christos Bouras & Christina Christou & Rangan Gupta & Keagile Lesame, 2020. "Forecasting State- and MSA-Level Housing Returns of the US: The Role of Mortgage Default Risks," Working Papers 202037, University of Pretoria, Department of Economics.
- Spanos, Aris, 1990. "The simultaneous-equations model revisited : Statistical adequacy and identification," Journal of Econometrics, Elsevier, vol. 44(1-2), pages 87-105.
- Clark, Todd E. & McCracken, Michael W., 2001.
"Tests of equal forecast accuracy and encompassing for nested models,"
Journal of Econometrics, Elsevier, vol. 105(1), pages 85-110, November.
- Todd E. Clark & Michael McCracken, 1999. "Tests of Equal Forecast Accuracy and Encompassing for Nested Models," Computing in Economics and Finance 1999 1241, Society for Computational Economics.
- Todd E. Clark & Michael W. McCracken, 2000. "Tests of Equal Forecast Accuracy and Encompassing for Nested Models," Econometric Society World Congress 2000 Contributed Papers 0319, Econometric Society.
- Todd E. Clark & Michael W. McCracken, 1999. "Tests of equal forecast accuracy and encompassing for nested models," Research Working Paper 99-11, Federal Reserve Bank of Kansas City.
- Emrah Gulay, 2018. "Comparing Simple Forecasting Methods and Complex Methods: A Frame of Forecasting Competition," Scientific Annals of Economics and Business (continues Analele Stiintifice), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 65(2), pages 159-169, June.
- Alexandre Mathis & Andrew Brociner, 1994. "Retour vers le futur. Une analyse rétrospective des prévisions de MOSAÏQUE," Revue de l'OFCE, Programme National Persée, vol. 49(1), pages 207-228.
- G.W. Harrison, 1982. "Efficient and Optional Forecast Combinations," Economics Discussion / Working Papers 82-26, The University of Western Australia, Department of Economics.
- Matthew N. Luzzetti & Lee E. Ohanian, 2012.
"The General Theory of Employment, Interest, and Money after 75 Years: The Importance of Being in the Right Place at the Right Time,"
Chapters, in: Thomas Cate (ed.), Keynes’s General Theory, chapter 7,
Edward Elgar Publishing.
- Matthew N. Luzzetti & Lee E. Ohanian, 2010. "The General Theory of Employment, Interest, and Money After 75 Years: The Importance of Being in the Right Place at the Right Time," NBER Working Papers 16631, National Bureau of Economic Research, Inc.
- Ericsson, Neil R., 2017.
"Economic forecasting in theory and practice: An interview with David F. Hendry,"
International Journal of Forecasting, Elsevier, vol. 33(2), pages 523-542.
- Neil R. Ericsson, 2016. "Economic Forecasting in Theory and Practice: An Interview with David F. Hendry," Working Papers 2016-012, The George Washington University, Department of Economics, H. O. Stekler Research Program on Forecasting.
- Neil R. Ericsson, 2016. "Economic Forecasting in Theory and Practice : An Interview with David F. Hendry," International Finance Discussion Papers 1184, Board of Governors of the Federal Reserve System (U.S.).
- Francis X. Diebold & Glenn D. Rudebusch, 2019. "Probability Assessments of an Ice-Free Arctic: Comparing Statistical and Climate Model Projections," PIER Working Paper Archive 19-021, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
- Andrew B. Martinez & Jennifer L. Castle & David F. Hendry, 2022.
"Smooth Robust Multi-Horizon Forecasts,"
Advances in Econometrics, in: Essays in Honor of M. Hashem Pesaran: Prediction and Macro Modeling, volume 43, pages 143-165,
Emerald Group Publishing Limited.
- Andrew B. Martinez & Jennifer L. Castle & David F. Hendry, 2020. "Smooth Robust Multi-Horizon Forecasts," Working Papers 2020-009, The George Washington University, Department of Economics, H. O. Stekler Research Program on Forecasting.
- Andrew B. Martinez & Jennifer L. Castle & David F. Hendry, 2021. "Smooth Robust Multi-Horizon Forecasts," Economics Papers 2021-W01, Economics Group, Nuffield College, University of Oxford.
- Justin van de Ven, 2017. "Exploring the Importance of Incentive Responses for Policy Projections," International Journal of Microsimulation, International Microsimulation Association, vol. 10(3), pages 134-164.
- Chauvet, Marcelle & Potter, Simon, 2013. "Forecasting Output," Handbook of Economic Forecasting, in: G. Elliott & C. Granger & A. Timmermann (ed.), Handbook of Economic Forecasting, edition 1, volume 2, chapter 0, pages 141-194, Elsevier.
- Morgan Westéus, 2014. "Settlement probability asymmetries in the Swedish Labour Court," European Journal of Law and Economics, Springer, vol. 38(3), pages 485-512, December.
- Clements, Michael P. & Reade, J. James, 2020. "Forecasting and forecast narratives: The Bank of England Inflation Reports," International Journal of Forecasting, Elsevier, vol. 36(4), pages 1488-1500.
- Hommes, Cars & Zhu, Mei, 2014.
"Behavioral learning equilibria,"
Journal of Economic Theory, Elsevier, vol. 150(C), pages 778-814.
- Hommes, C.H. & Zhu, M., 2012. "Behavioral Learning Equilibria," CeNDEF Working Papers 12-09, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance.
- Cars Hommes & Mei Zhu, 2013. "Behavioral Learning Equilibria," Tinbergen Institute Discussion Papers 13-014/II, Tinbergen Institute.
- repec:lan:wpaper:413 is not listed on IDEAS
- Karine Bouthevillain & Alexandre Mathis, 1995. "Prévisions : mesures, erreurs et principaux résultats," Économie et Statistique, Programme National Persée, vol. 285(1), pages 89-100.
- Francis X. Diebold, 1998.
"The Past, Present, and Future of Macroeconomic Forecasting,"
Journal of Economic Perspectives, American Economic Association, vol. 12(2), pages 175-192, Spring.
- Francis X. Diebold, 1997. "The past, present, and future of macroeconomic forecasting," Working Papers 97-20, Federal Reserve Bank of Philadelphia.
- Francis X. Diebold, 1997. "The Past, Present, and Future of Macroeconomic Forecasting," NBER Working Papers 6290, National Bureau of Economic Research, Inc.
- Niraj Poudyal & Aris Spanos, 2022. "Model Validation and DSGE Modeling," Econometrics, MDPI, vol. 10(2), pages 1-25, April.
- repec:zbw:bofrdp:2018_022 is not listed on IDEAS
- Gulan, Adam, 2018. "Paradise lost? A brief history of DSGE macroeconomics," Research Discussion Papers 22/2018, Bank of Finland.
- Carol Taylor West & Thomas M. Fullerton Jr., 2004. "Assessing the Historical Accuracy of Regional Economic Forecasts," Urban/Regional 0404009, University Library of Munich, Germany.
- Cars Hommes & Kostas Mavromatis & Tolga Özden & Mei Zhu, 2023.
"Behavioral learning equilibria in New Keynesian models,"
Quantitative Economics, Econometric Society, vol. 14(4), pages 1401-1445, November.
- Cars Hommes & Kostas Mavromatis & Tolga Özden & Mei Zhu, 2022. "Behavioral Learning Equilibria in New Keynesian Models," Staff Working Papers 22-42, Bank of Canada.
- Sarno, Lucio & Thornton, Daniel L & Valente, Giorgio, 2005.
"Federal Funds Rate Prediction,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 37(3), pages 449-471, June.
- Sarno, Lucio & Daniel l Thornton & Giorgio Valente, 2003. "Federal Funds Rate Prediction," Royal Economic Society Annual Conference 2003 183, Royal Economic Society.
- Lucio Sarno & Daniel L. Thornton & Giorgio Valente, 2004. "Federal funds rate prediction," Working Papers 2002-005, Federal Reserve Bank of St. Louis.
- Sarno, Lucio & Thornton, Daniel L & Valente, Giorgio, 2004. "Federal Funds Rate Prediction," CEPR Discussion Papers 4587, C.E.P.R. Discussion Papers.
- Stephen K. McNees, 1990. "Man vs. model? The role of judgment in forecasting," New England Economic Review, Federal Reserve Bank of Boston, issue Jul, pages 41-52.
- William Conrad, 1977. "Imperfect Observation and Systematic Policy Error," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 6, number 3, pages 247-258, National Bureau of Economic Research, Inc.
- Slanicay Martin, 2014. "Some Notes on Historical, Theoretical, and Empirical Background of DSGE Models," Review of Economic Perspectives, Sciendo, vol. 14(2), pages 145-164, June.
- Qing Zhou & Robert Faff, 2017. "The complementary role of cross-sectional and time-series information in forecasting stock returns," Australian Journal of Management, Australian School of Business, vol. 42(1), pages 113-139, February.
- Hommes, C.H. & Zhu, M., 2016. "Behavioral Learning Equilibria, Persistence Amplification & Monetary Policy," CeNDEF Working Papers 16-03, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance.
- Cai, Xiaoming & Den Haan, Wouter J. & Pinder, Jonathan, 2016. "Predictable recoveries," LSE Research Online Documents on Economics 65188, London School of Economics and Political Science, LSE Library.
- Pu Chen & Joachim Frohn, 2006. "On the specification and estimation of large scale simultaneous structural macroeconometric models," AStA Advances in Statistical Analysis, Springer;German Statistical Society, vol. 90(1), pages 9-25, March.
- Michael Wickens, 2014.
"How Useful are DSGE Macroeconomic Models for Forecasting?,"
Open Economies Review, Springer, vol. 25(1), pages 171-193, February.
- Wickens, Michael R., 2012. "How Useful are DSGE Macroeconomic Models for Forecasting?," CEPR Discussion Papers 9049, C.E.P.R. Discussion Papers.
- David F. Hendry, 2020. "A Short History of Macro-econometric Modelling," Economics Papers 2020-W01, Economics Group, Nuffield College, University of Oxford.
- Armstrong, J Scott, 1978.
"Forecasting with Econometric Methods: Folklore versus Fact,"
The Journal of Business, University of Chicago Press, vol. 51(4), pages 549-564, October.
- Armstrong, J. Scott, 1978. "Forecasting with Econometric Methods: Folklore Versus Fact," MPRA Paper 81672, University Library of Munich, Germany.
- repec:wrk:wrkemf:08 is not listed on IDEAS
- Adam Elbourne & Coen Teulings, 2011. "The potential of a small model," CPB Discussion Paper 193, CPB Netherlands Bureau for Economic Policy Analysis.
- repec:hal:wpspec:info:hdl:2441/f4rshpf3v1umfa09lat09b1bg is not listed on IDEAS
- Christopher L. Gilbert & Duo Qin, 2005. "The First Fifty Years of Modern Econometrics," Working Papers 544, Queen Mary University of London, School of Economics and Finance.
- repec:hal:spmain:info:hdl:2441/f4rshpf3v1umfa09lat09b1bg is not listed on IDEAS
- Busetti, Fabio & Marcucci, Juri, 2013.
"Comparing forecast accuracy: A Monte Carlo investigation,"
International Journal of Forecasting, Elsevier, vol. 29(1), pages 13-27.
- Fabio Busetti & Juri Marcucci & Giovanni Veronese, 2009. "Comparing forecast accuracy: A Monte Carlo investigation," Temi di discussione (Economic working papers) 723, Bank of Italy, Economic Research and International Relations Area.
- repec:lan:wpaper:470 is not listed on IDEAS
- Cross, Jamie & Poon, Aubrey, 2016. "Forecasting structural change and fat-tailed events in Australian macroeconomic variables," Economic Modelling, Elsevier, vol. 58(C), pages 34-51.
- Zhao, Mingjun, 2007. "Monetary policy under misspecified expectations," Journal of Economic Dynamics and Control, Elsevier, vol. 31(4), pages 1278-1299, April.
- M. Manzur, 1987. "How Much are Exchange Rate Forecasts Worth?," Economics Discussion / Working Papers 87-01, The University of Western Australia, Department of Economics.
- repec:spo:wpmain:info:hdl:2441/f4rshpf3v1umfa09lat09b1bg is not listed on IDEAS
- John D. Levendis, 2018. "Time Series Econometrics," Springer Texts in Business and Economics, Springer, number 978-3-319-98282-3, December.
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- repec:lan:wpaper:425 is not listed on IDEAS
- Clements, Michael P., 2003. "Some possible directions for future research," International Journal of Forecasting, Elsevier, vol. 19(1), pages 1-3.
- Karine Bouthevillain, 1993. "La prévision macro-économique : précision relative et consensus," Économie et Prévision, Programme National Persée, vol. 108(2), pages 97-126.
- Elkin Castaño Vélez & Luis Fernando Melo Velandia, 2000. "Metodos de combinacion de pronosticos: una aplicacion a la inflacion," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 52, pages 113-165, Enero Jun.
- Fang, Yue, 2003. "Forecasting combination and encompassing tests," International Journal of Forecasting, Elsevier, vol. 19(1), pages 87-94.
- Heuts, R.M.J., 1978. "Portfolio models and time series analysis," Other publications TiSEM 48458631-edc8-42e9-8359-4, Tilburg University, School of Economics and Management.