Forecasting developing Asian economies during normal times and large external shocks: Approaches and challenges | en
Predicting future economic trends appropriately is essential to economic policy making. Currently, the DSGE model approach is a benchmark economic forecasting technique widely employed. However, large external shocks, such as large-scale natural disasters and COVID-19, challenge current approaches to economic forecasting. Multiple approaches will be needed in this situation, including reduced-form model and indicator-based approaches. This paper discusses different forecasting approaches, by com...
Medium Term Projection Framework Economic Outlook Southeast Asia Big Data Large External Shocks Dsge Model
Source: oecd.org