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

Número: 
664
Publicado: 
Clasificación JEL: 
C18, C51, C82, E17
Palabras clave: 
Professional Forecasters, DSGE models

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