Characterizing and Communicating the Balance of Risks of Macroeconomic Forecasts: A Predictive Density Approach for Colombia
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DOI: 10.32468/be.1178
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More about this item
Keywords
Macroeconomic forecasts; balance of risks; uncertainty; Bayesian forecasting; monetary policy models; Pronósticos macroeconómicos; balance de riesgos; incertidumbre; pronósticos bayesianos; modelos de política monetaria;All these keywords.
JEL classification:
- C11 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Bayesian Analysis: General
- C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
- E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
NEP fields
This paper has been announced in the following NEP Reports:- NEP-DGE-2021-11-08 (Dynamic General Equilibrium)
- NEP-FOR-2021-11-08 (Forecasting)
- NEP-ORE-2021-11-08 (Operations Research)
- NEP-RMG-2021-11-08 (Risk Management)
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