Abstract
AbstractThis paper applies an algorithm for the solution of partial current information in rational expectation models to the quarterly Liverpool macroeconomic model of the U.K. The algorithm is shown to produce marginally superior results in forecasts both in ex‐post and ex‐ante forecasts and can be viewed as an additional tool for the forecaster's kit‐bag.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have