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    • Publications (4)
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  • Tags: Model Uncertainty
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  1. Publication

    A Dynamic Baseline Calibration Procedure for CGE models

    31.03.2022

    Baseline assumptions play a crucial role in conducting consistent quantitative policy assessments for dynamic Computable General Equilibrium (CGE) model

  2. Publication

    A New Comparative Approach to Macroeconomic Modeling and Policy Analysis

    01.08.2012

    In the aftermath of the global financial crisis, the state of macroeconomicmodeling and the use of macroeconomic models in policy analysis has come under heavy criticism. Macroeconomists in academia and policy institutions have been blamed for...

  3. Publication

    The Diversity of Forecasts from Macroeconomic Models of the U.S. Economy

    01.06.2011

    This paper investigates the accuracy and heterogeneity of output growth and inflation forecasts during the current and the four preceding NBER-dated U.S. recessions. We generate forecasts from six different models of the U.S. economy and compare them...

  4. Publication

    Evaluating point and density forecasts of DSGE models

    01.02.2015

    This paper investigates the accuracy of forecasts from four DSGE models for inflation, output growth and the federal funds rate using a real-time dataset synchronized with the Fed’s Greenbook projections. Conditioning the model forecasts on the...

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