Abstract
This 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.
Original language | English |
---|---|
Pages (from-to) | 507-518 |
Number of pages | 12 |
Journal | Journal of Forecasting |
Volume | 13 |
Issue number | 6 |
DOIs | |
Publication status | Published - Nov 1994 |
Externally published | Yes |
Keywords
- Current partial information
- Liverpool macroeconomic model
- Rational expectations
ASJC Scopus subject areas
- Modelling and Simulation
- Computer Science Applications
- Strategy and Management
- Statistics, Probability and Uncertainty
- Management Science and Operations Research