Finance and Economics Discussion Series: Evaluating Dsge Model Forecasts of Comovements by Frank Schorfheide, Edward Herbst

Finance and Economics Discussion Series: Evaluating Dsge Model Forecasts of Comovements

Frank Schorfheide, Edward Herbst

46 pages missing pub info (editions)

nonfiction politics
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This paper develops and applies tools to assess multivariate aspects of Bayesian Dynamic Stochastic General Equilibrium (DSGE) model forecasts and their ability to predict comovements among key macroeconomic variables. We construct posterior predi...

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