A BVAR Model for Forecasting Ukrainian Inflation and GDP
In this paper, I examine the forecasting performance of a Bayesian Vector Autoregression (BVAR) model with a steady-state prior and compare the accuracy of the forecasts against the QPM and official NBU forecasts during the Q1 2016–Q1 2020 period. My findings suggest that inflation forecasts produce...
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| Format: | Article |
| Language: | English |
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National Bank of Ukraine
2021-06-01
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| Series: | Visnyk of the National Bank of Ukraine |
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| Online Access: | https://journal.bank.gov.ua/en/article/2021/251/02 |