Rejoinder to Comments on Forecasting Economic and Financial Variables with Global VARs
نویسندگان
چکیده
منابع مشابه
Comment: “Forecasting economic and financial variables with global VARs” by Pesaran, Schuermann and Smith
This paper reports the short-term forecasting power of the large Global Vector Autoregressive (GVAR) model originally developed by Pesaran, Schuermann, and Weiner (2004a, 2004b; PSW), and subsequently fine-tuned and re-estimated over the period 1979Q1–2003Q4 by Dees, di Mauro, Pesaran, and Smith (2007; DdPS).1 The GVAR model explicitly specifies interdependencies between different countries and...
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