; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "A Use of Index Models in Macroeconomic Forecasting"; ; "batchuser@example.com"; "Litterman, Robert B."; "Federal Reserve Bank of Minneapolis"; "This paper illustrates the application of observable index models to the problem of macroeconomic forecasting. In this context, a Bayesian prior is used to describe a class of models which impose the index structure with more or less weight. An out-of-sample forecasting experiment is used to measure the possible benefits of this approach. In addition, impulse response functions and the decomposition of forecast variance are analyzed to suggest a possible separation of real and nominal shocks into separate channels."^^; "1982-10"; "2019-10-21T18:26:50.279109416+00:00"^^; "https://doi.org/10.21034/sr.78"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "Thu Nov 7 22:21:31 2019"; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "459"; "Staff report (Federal Reserve Bank of Minneapolis. Research Department)"; "078"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; ; "Publication" . ; .