Averaging forecasts from VARs with uncer
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Todd E. Clark; Michael W. McCracken
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Article
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2010
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John Wiley and Sons
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English
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## Abstract Recent work suggests VAR models of output, inflation, and interest rates may be prone to instabilities. In the face of such instabilities, a variety of estimation or forecasting methods might be used to improve the accuracy of forecasts from a VAR. The uncertainty inherent in any single