Professional forecasters : how to understand and exploit them through a DSGE model

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Borradores de Economía; No. 664
Date published
2011-08-10
Date of last update
2011-08-10
Author
Rojas, Luis Eduardo
Document language
spa
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Abstract
This paper derives a link between the forecasts of professional forecasters and a DSGE model. I show that the forecasts of a professional forecaster can be incorporated to the state space representation of the model by allowing the measurement error of th
JEL Codes
C51 - Model Construction and EstimationE17 - General Aggregative Models: Forecasting and Simulation: Models and ApplicationC82 - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data AnalysisC18 - Methodological Issues: General
Keywords
Professional forecasters ; DSGE models ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/5681
https://hdl.handle.net/20.500.12134/5681
https://doi.org/10.32468/be.664
https://ideas.repec.org/p/bdr/borrec/664.html
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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit