Evaluating the forecasting power of an open-economy DSGE model when estimated in a data-Rich environment
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Economic Dynamics and Control"
DOI: 10.1016/j.jedc.2021.104177
Abstract: Abstract This paper examines the inferences and forecasting benefits that can be made when one incorporates a large quantity of economic time series into international structural macroeconomic models. I estimate a close variation of Adolfson… read more here.
Keywords: rich environment; model estimated; data rich; model ... See more keywords
Proxy and Model-Estimated Coupled Megadroughts in the Southwestern Regions of North and South America
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DOI: 10.1175/jcli-d-24-0383.1
Abstract: The North American Southwest (NASW) and South American Southwest (SASW) are regions susceptible to prolonged and intense droughts that can span a decade or more (i.e., megadroughts). Although the drivers and impacts of megadroughts in… read more here.
Keywords: proxy model; model estimated; temporal characteristics; cesm lme ... See more keywords