Facts and Challenges from the Great Recession for Forecasting and Macroeconomic Modeling
---- Acknowledgments ----
We are grateful to Frank Diebold and two anonymous referees for very helpful comments on earlier versions of this paper. Kyle Jurado provided excellent research assistance. The first author acknowledges financial support from the National Science Foundation (SES-0962431). All errors are our sole responsibility. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.
---- Disclosure of Financial Relationships for Serena Ng ----
My research is supported by the NSF under grant SES-0962431. I did not receive other financial support. I am a professor at Columbia University and did not hold other paid or unpaid positions in any profit or non-profit organiziations. No other party has the right to our paper.
---- Disclosure of Financial Relationships for Jonathan H. Wright ----
I did not receive financial support for this research. I am a professor at Johns Hopkins University and a consultant for the Federal Reserve Bank of Philadelphia. I have no other significant financial interests to disclose. No other party has the right to our paper.