#1997-017A "A State Space Forecasting Model with Fiscal and Monetary Control"
by Donald S. Allen, and Meenakshi Pasupathy


In this paper we model the U.S. economy parsimoniously in an atheoretic state space representation. We use monthly data for thirteen macroeconomic variables. More...

#1996-009A "Forecasting with an Adaptive Control Algorithm"
by Donald S. Allen, Yang-Woo Kim, and Meenakshi Pasupathy


We construct a parsimonious model of the U.S. macro economy using a state space representation and recursive estimation. At the core of the estimation procedure is a prediction/correction algorithm based on a recursive least squares estimation with exponential forgetting. More...