TY  - RPRT
A1  - Wieland, Volker
A1  - Wolters, Maik
T1  - Macroeconomic model comparisons and forecast competition
T2  - Policy Platform - Policy Letter
N2  - This contribution draws on two recent publications in which the macroeconomic model data base (www.macromodelbase.com) is employed for model comparisons. The comparative approach is used to base policy analysis on a systematic evaluation of the different implications that a certain economic policy can have when submitted to different modeling approaches. In this manner, policy recommendations are more robust to modeling uncertainty. By extending the comparative approach to forecasting, the authors investigate the accuracy of different forecasting models and obtain more reliable mean forecasts.
KW  - macroeconomic models
KW  - financial models
KW  - forecasting
Y1  - 2012
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/33341
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-333411
UR  - http://safe-frankfurt.de/de/policy-center/publikationen/details/article/macroeconomic-model-comparisons-and-forecast-competition.html
EP  - 6
PB  - SAFE
CY  - Frankfurt am Main
ER  -