Forecasting has always been at the forefront of decision making and planning. The
uncertainty that surrounds the future is both exciting and challenging, with individuals and …

Abstract Information on economic policy uncertainty does matter in predicting the change in
oil prices. We compare the forecastability of standard, Bayesian and time-varying VAR …

This paper assesses the empirical relevance of financial frictions in the Euro Area (EA) and
the United States (US). It provides a comprehensive set of comparisons between two …

This paper analyzes the role of money and monetary policy as well as the forecasting
performance of New Keynesian dynamic stochastic general equilibrium models with and …

A large number of models have been developed in the literature to analyze and forecast
changes in output dynamics. The objective of this paper was to compare the predictive …

This study extends the hybrid version of the baseline New-Keynesian model with
heterogeneous agents who may adopt various forecast heuristics. With a focus on consumer …

The difficulty in modelling inflation and the significance in discovering the underlying data‐
generating process of inflation is expressed in an extensive literature regarding inflation …

In the dynamic stochastic general equilibrium (DSGE) literature there has been an
increasing awareness on the role that the banking sector can play in macroeconomic …

We estimate a medium‐scale dynamic stochastic general equilibrium model for the Euro
area with limited asset market participation (LAMP). Our results suggest that in the recent …

We estimate a medium scale DSGE model for the Euro Area to gain intuition on the
importance of Limited Asset Market Participation (LAMP). Our results suggest that LAMP is …