Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/157961
Authors: 
Iversen, Jens
Laséen, Stefan
Lundvall, Henrik
Söderström, Ulf
Year of Publication: 
2016
Series/Report no.: 
Sveriges Riksbank Working Paper Series 318
Abstract: 
We evaluate forecasts made in real time to support monetary policy decisions at Sveriges Riksbank (the central bank of Sweden) from 2007 to 2013. We compare forecasts made with a DSGE model and a BVAR model with judgemental forecasts published by the Riksbank, and we evaluate the usefulness of conditioning information for the model-based forecasts. We also study the perceived usefulness of model forecasts for central bank policymakers when producing the judgemental forecasts.
Subjects: 
Real-time forecasting
Forecast evaluation
Monetary policy
Inflation targeting
JEL: 
E37
E52
Document Type: 
Working Paper

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