Testing a DSGE model and its partner database

Número: 
479
Publicado: 
Clasificación JEL: 
F47, E01, C61
Palabras clave: 
Monetary policy, Sectoral Model, DSGE, Forecast Performance

There is now an impetus to apply dynamic stochastic general equilibrium models to forecasting. But these models typically rely on purpose-built data, for example on tradable and nontradable sector outputs. How then do we know that the model will forecast