Structural Models in Real Time

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  • Structural Models in Real Time Book Detail

  • Author : Mr.Jaromir Benes
  • Release Date : 2010-03-01
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 37
  • ISBN 13 : 1451963629
  • File Size : 51,51 MB

Structural Models in Real Time by Mr.Jaromir Benes PDF Summary

Book Description: This paper outlines a simple approach for incorporating extraneous predictions into structural models. The method allows the forecaster to combine predictions derived from any source in a way that is consistent with the underlying structure of the model. The method is flexible enough that predictions can be up-weighted or down-weighted on a case-by-case basis. We illustrate the approach using a small quarterly structural and real-time data for the United States.

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