Arbeitspapier
Specifying a Bayesian vector autoregression for short-run macroeconomic forecasting with an application to Finland
The aim of this paper is to specify a small econometric model capable of generating adjustment-free, short-run forecasts of key macroeconomic variables on a monthly basis. The aim is carried out using the vector autoregression approach in conjunction with a Bayesian specification procedure. The Bayesian approach to forecasting is reviewed and applied using Finnish data from the 1980s. The out-of-sample forecasting performance of the model is found to be satisfactory.
- ISBN
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951-686-279-9
- Language
-
Englisch
- Bibliographic citation
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Series: Bank of Finland Discussion Papers ; No. 4/1991
- Classification
-
Wirtschaft
- Event
-
Geistige Schöpfung
- (who)
-
Starck, Christian
- Event
-
Veröffentlichung
- (who)
-
Bank of Finland
- (where)
-
Helsinki
- (when)
-
1991
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Starck, Christian
- Bank of Finland
Time of origin
- 1991
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