Economics, Econometrics and Finance
8 years ago

Nonlinear DSGE model outperforms in forecasting South African macroeconomic data.

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RePEc: Research Papers in Economics
FORECASTING SOUTH AFRICAN MACROECONOMIC DATA WITH A NONLINEAR DSGE MODEL
Mehmet Balcılar, Rangan Gupta, Kevin Kotz

Paper Summary

A study looked at different models to predict South African economic data. They found that a complex model called nonlinear DSGE performed better than simpler models like linear DSGE and VAR. The nonlinear DSGE model was especially good at making accurate predictions over longer time periods.

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