The Contribution of Structural Break Models to Forecasting Macroeconomic Series

This paper compares the forecasting performance of different models which have been proposed for forecasting in the presence of structural breaks. These models differ in their treatment of the break process, the model which applies in each regime and the out-of-sample probability of a break occurrin...

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Bibliographic details
Main Author: Rombouts, Jeroen VK
Koop, Gary
Korobilis, Dimitris
Bauwens, Luc
Format: Paper
Language: English
Place of publication: 01.07.2011
Related: The Rimini Centre for Economic Analysis
Data of publication: 2011/07
Series: Working Paper Series
Online Access: available in Bonn?
Database: RePEc IDEAS
Database information Databases - DBIS