Manajemen | Fakultas Ekonomi Universitas Maritim Raja Ali Haji jbes%2E2009%2E07295
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(iii) Using real-time inflation data and an alternative set of instruments: one lag of the inflation change, the Green- book forecast of the change in inflation (and the SPF within
Our out-of-sample forecasting analysis suggests no strong evidence that M 3 matters for inflation or output growth, either with real-time or final vintage
Key insights from the application include: (1) the parametric model provides different estimates of the heterogeneity distri- bution than the semiparametric model, (2) the
Third, in comparison with the nonparametric estimator of Ziegelmann ( 2002 ), our estimator can result in bias reduction as long as the parametric model can capture some
To be precise, given output from our MCMC algorithm for the state space model, we can calculate the Bayes factor comparing the restricted to the unrestricted model using either
To illustrate the response error mixture model with multi- plicative mean independence, we consider the problem of draw- ing inferences on the rate of illicit drug use in the
The elasticity of intratemporal substitution ES—substitution across goods within a given time-period holding the real in- come constant, gauges how much the relative Hicksian demand
We propose a new class of observation-driven time-varying parameter models for dynamic volatilities and correlations to handle time series from heavy-tailed distributions.. The
