Monetary Policy Forecasting in a DSGE Model with Data that is Uncertain, Unbalanced and About the Future

Borradores de Economia
Number: 
559
Published: 
Classification JEL: 
F47, E01, C61

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If theory-consistent models can ever hope to forecast well and to be useful for policy, they have to relate to data which though rich in information is uncertain, unbalanced and sometimes forecasts from external sources about the future path of other vari