The quarterly Liverpool model with current partial information: An exercise in forecasting

The quarterly Liverpool model with current partial information: An exercise in forecasting

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Article ID: iaor19951361
Country: United Kingdom
Volume: 13
Issue: 5
Start Page Number: 507
End Page Number: 518
Publication Date: Nov 1994
Journal: International Journal of Forecasting
Authors: , ,
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-pose and ex-ante forecasts and can be viewed as an additional tool for the forecaster’s kit-bag.

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