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Quarterly liverpool model with current partial information: An exercise in forecasting
Author(s) -
Matthews K. G. P.,
Minford A. P. L.,
Blackman S. C.
Publication year - 1994
Publication title -
journal of forecasting
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.543
H-Index - 59
eISSN - 1099-131X
pISSN - 0277-6693
DOI - 10.1002/for.3980130603
Subject(s) - ex ante , econometrics , current (fluid) , computer science , economics , rational expectations , operations research , mathematics , macroeconomics , engineering , electrical engineering
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.