Forecasting a medium size macroeconomic model

Suppose I want to forecast macroeconomic variables, like inflation, GDP, output gap, and so on.

I might have a simple OLS model for each of variables, estimated separately.

Then I want to use the estimated equation to forecast for the next quarters.

Is there a package that help solving such a model?

One nice example of such a model is the RBA's macroeconomic model. There are many equations, couple of identities and some exogenous variables. They use EViews to estimate the model. I wish I could use R, instead of EViews. Does anyone have any advice for it? Any example or reference that could help me?

The link below are the RBA's model.

https://www.rba.gov.au/publications/rdp/2019/2019-07/full.html

This topic was automatically closed 21 days after the last reply. New replies are no longer allowed.

If you have a query related to it or one of the replies, start a new topic and refer back with a link.