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Macroeconomic forecast evaluation techniques

✍ Scribed by H.O. Stekler

Book ID
119138624
Publisher
Elsevier Science
Year
1991
Tongue
English
Weight
912 KB
Volume
7
Category
Article
ISSN
0169-2070

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## ABSTRACT This paper estimates, using stochastic simulation and a multi‐country macroeconometric model, the fraction of the forecast error variance of output changes and the fraction of the forecast error variance of inflation that are due to unpredictable asset price changes. The results suggest