Comments on the evaluation of policy models

Melinda Deutsch and Clive Granger

No 413, International Finance Discussion Papers from Board of Governors of the Federal Reserve System (U.S.)

Abstract: This paper examines the evaluation of models claimed to be relevant for policy making purposes. A number of tests are proposed to determine the usefulness of such models in the policy making process. These tests are applied to three empirical examples.

Keywords: Econometric models; Forecasting (search for similar items in EconPapers)
Date: 1991
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Citations: View citations in EconPapers (1)

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Journal Article: Comments on the evaluation of policy models (1992)
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