Working Paper
Defining and improving the accuracy of macroeconomic forecasts : contributions from a VAR model
Abstract: Thirty years ago it appeared that the best strategy for improving economic forecasts was to build bigger, more detailed models. As the costs of computing plummeted, considerable detail was added to models and more elaborate statistical techniques became feasible.
Keywords: Macroeconomics;
Status: Published in Journal of Business, April 1986, v, 59, no. 2, pp. 263-85.
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Bibliographic Information
Provider: Federal Reserve Bank of Richmond
Part of Series: Working Paper
Publication Date: 1984
Number: 84-06