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EconLab with the Experts is a practitioner-facing series produced by Forecasting Economics — one of the leading applied economics education channels.
Each episode is led by an active academic researcher or senior practitioner — economists who publish, teach at the university level, and work at the frontier of their field. They present their own applied work: real models, real data, real decisions, documented from start to finish in a fully reproducible format.
In this episode, Dr. Tim Ginker presents his co-authored paper with Itamar Caspi, entitled “What Drives the Scenario? Interpreting Conditional Forecasts in Reduced-Form VARs.”
The author showcases his recently developed R package for producing conditional scenario forecasts, cforecast, which provides a transparent benchmark model for comparison and analysis.