Forecasting from Structural Econometric Models.

Understanding the workings of whole economies is essential for sound policy advice - but not necessarily for accurate forecasts. Structural models play a major role at most central banks and many other governmental agencies, yet almost none forecast the financial crisis and ensuing recession. We f...

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Библиографические подробности
Главные авторы: Hendry, D, Mizon, G
Формат: Working paper
Язык:English
Опубликовано: Department of Economics (University of Oxford) 2012