Browsing Arbeidsnotater / Working Papers by Subject "forecast evaluation"
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The Bias and Efficiency of the ECB Inflation Projections: a State Dependent Analysis
(Working Paper;1/2021, Working paper, 2021)We test for bias and efficiency of the ECB inflation forecasts using a confidential dataset of ECB macroeconomic quarterly projections. We investigate whether the properties of the forecasts depend on the level of inflation, ... -
Combining VAR and DSGE Forecast Densities
(Working Papers;23/2009, Working paper, 2009)A popular macroeconomic forecasting strategy takes combinations across many models to hedge against instabilities of unknown timing; see (among others) Stock and Watson (2004), Clark and McCracken (2010), and Jore et al. ... -
Nowcasting GDP in Real-Time: A Density Combination Approach
(Working Papers;11/2011, Working paper, 2011)In this paper we use U.S. real-time vintage data and produce combined density nowcasts for quarterly GDP growth from a system of three commonly used model classes. The density nowcasts are combined in two steps. First, a ... -
Nowcasting Norwegian household consumption with debit card transaction data
(Working Paper;17/2020, Working paper, 2020)We use a novel data set covering all domestic debit card transactions in physical terminals by Norwegian households, to nowcast quarterly Norwegian household consumption. These card payments data are free of sampling errors ...