Working Paper

A Bayesian VAR forecasting model for the Philadelphia Metropolitan Area

Abstract: Vector-autoregression (VAR) forecast models have been developed for many state economies, including the three states in the Third Federal Reserve District--Pennsylvania, New Jersey, and Delaware. This paper extends that work by developing a Bayesian VAR forecast model for the Philadelphia metropolitan area and the city of Philadelphia.

Keywords: Forecasting; Philadelphia (Pa.);

Bibliographic Information

Provider: Federal Reserve Bank of Philadelphia

Part of Series: Working Papers

Publication Date: 1999

Number: 99-7