the-boes-forecasting-platform-compass-maps-ease-and-the-suite-of-models
➤ Gửi thông báo lỗi ⚠️ Báo cáo tài liệu vi phạmNội dung chi tiết: the-boes-forecasting-platform-compass-maps-ease-and-the-suite-of-models
the-boes-forecasting-platform-compass-maps-ease-and-the-suite-of-models
BANK OF ENGLANDWorking Paper No. 471The Bank of England's forecasting platform: COMPASS, MAPS, EASE and the suite of modelsStephen Burgess, Emilio Fer the-boes-forecasting-platform-compass-maps-ease-and-the-suite-of-modelsrnandez-Corugedo,Charlotta Groth, Richard Harrison, Francesca Monti, Konstantinos Theodoridis and Matt Waldron41395This paper describes research in progress at the Bank of England and has been published to elicit comments and to further debateBANK OF ENGLANDWorking Paper No. 471The Bank of England's the-boes-forecasting-platform-compass-maps-ease-and-the-suite-of-models forecasting platform: COMPASS, MAPS, EASE and the suite of models Stephen Burgess,Emilio Fernandez-Corugedo/2' Charlotta Groth/-' Richard Harrison/*Fthe-boes-forecasting-platform-compass-maps-ease-and-the-suite-of-models
rancesca Monti,1'' KonstantinosTheodoridis^ and Matt Waldron171Abstractt his paper introduces the Bank of England's new forecasting platform and proviBANK OF ENGLANDWorking Paper No. 471The Bank of England's forecasting platform: COMPASS, MAPS, EASE and the suite of modelsStephen Burgess, Emilio Fer the-boes-forecasting-platform-compass-maps-ease-and-the-suite-of-modelsising mtxlcl; a suite of models, used Io fill in the gaps in lhe economics of COMPASS and provide cross-checks on the forecast; MAPS, a macroeconomic modelling and projection toolkit; and EASE, a user interface. The platform has been in use since the end of 2011 in support <»r production of the proj the-boes-forecasting-platform-compass-maps-ease-and-the-suite-of-modelsections produced for the Monetary Policy Committee’s quarterly Inflation Reports. In this paper we provide a full description of COMPASS, including dithe-boes-forecasting-platform-compass-maps-ease-and-the-suite-of-models
scussion of Its estimation and Its properties. We also illustrate how the suite of models can be used Io mitigate some of the trade-olTs inherent in bBANK OF ENGLANDWorking Paper No. 471The Bank of England's forecasting platform: COMPASS, MAPS, EASE and the suite of modelsStephen Burgess, Emilio Fer the-boes-forecasting-platform-compass-maps-ease-and-the-suite-of-modelsion.Key words: Forecasting, macro-modelling, misspecification..IF.I. classification: El7, E20, F30, F.40, ESO.(I) Hank of England Email- Stephen.hiirgessiỊrhnnknrengland.co Ilk(7.) IMF. Email: I'Femimdez-Coruged@imf.org(3) Zurich Insurance Group: Email: charlotta.groth@zurich.com-4Bank of England. E the-boes-forecasting-platform-compass-maps-ease-and-the-suite-of-modelsmail:-5Bank of England. Email:-6Bank of England. Email.-7Bank of England. Email.richard.tatrison@bankofcngland.co.ukfranccsca.monti@bankofcngland.co.uthe-boes-forecasting-platform-compass-maps-ease-and-the-suite-of-models
kkonstantinos.thcodoridis@bankofcnglandxo.ukmatthcw.waldron@bankofcngland.co.uk (corresponding author)The hulk of the forecasting platform described iBANK OF ENGLANDWorking Paper No. 471The Bank of England's forecasting platform: COMPASS, MAPS, EASE and the suite of modelsStephen Burgess, Emilio Fer the-boes-forecasting-platform-compass-maps-ease-and-the-suite-of-models»c contributions of David Bradnum, Stephen Elliott.Sujccvan Kanagcswaran. Kate Monaghan and Anish Patel in developing the IT user interface. Yascr Al-Saffar and Hitcn Shah in providing the business analysis. Angela Middlemiss for managing the project and Manin Andreasen. Christoph Goitz. Alex Habcri the-boes-forecasting-platform-compass-maps-ease-and-the-suite-of-modelss and David Reifschncider for their help and advice at various stages of the project. Prior to the start of that project, the Bank conducted an internthe-boes-forecasting-platform-compass-maps-ease-and-the-suite-of-models
al review of its previous macroeconomic forecasting platform. BEQM. Tile authors would like to thank Dario Caldara. Anna Lipinska. Tim Taylor and GregBANK OF ENGLANDWorking Paper No. 471The Bank of England's forecasting platform: COMPASS, MAPS, EASE and the suite of modelsStephen Burgess, Emilio Fer the-boes-forecasting-platform-compass-maps-ease-and-the-suite-of-modelsents on a drall of this paper. this paper describes research in progress at the Bank of England and has been published to elicit comments and to further debate It was finalised on 16 May 2013.Ute Bank of England's working paper scries is externally refereed.Information on the Bank's working paper sc the-boes-forecasting-platform-compass-maps-ease-and-the-suite-of-modelsries can be found atW W W bankofcngland.co uk. publicalions.’Pagcs'workingpapcrs'dcfaull aspxPublications Group. Bank of England. Threadneedle Street.the-boes-forecasting-platform-compass-maps-ease-and-the-suite-of-models
London. EC2R 8AHTelephone +44 (0)20 7601 4030 Fax +44 (0)20 7601 3298 email publications^/ hankofenglaird.co.uk© Bank of England 2013ISSN 1749-9135 (BANK OF ENGLANDWorking Paper No. 471The Bank of England's forecasting platform: COMPASS, MAPS, EASE and the suite of modelsStephen Burgess, Emilio FerBANK OF ENGLANDWorking Paper No. 471The Bank of England's forecasting platform: COMPASS, MAPS, EASE and the suite of modelsStephen Burgess, Emilio FerGọi ngay
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