Forecasts in Dynare
Posted: Sun Nov 28, 2010 4:14 pmDear all,
After an estimation of a DSGE-VAR model it is possible to instruct Dynare to generate forecasts.
My question is: is the forecast output that is generated in this way based on the VAR (that has used the DSGE as a prior) or is it based on the estimated DSGE only?
Thanks a lot for your insight!
George
After an estimation of a DSGE-VAR model it is possible to instruct Dynare to generate forecasts.
My question is: is the forecast output that is generated in this way based on the VAR (that has used the DSGE as a prior) or is it based on the estimated DSGE only?
Thanks a lot for your insight!
George