Search Results - subject:"Bayesian Methods"

Bayesian methods in family business research

Block, Joern H.; Miller, Danny; Wagner, Dominik - In: Journal of Family Business Strategy 5 (2014) 1, pp. 97-104

Bayesian methods constitute an alternative to null hypothesis significance testing (NHST). This article briefly reviews … the concept of Bayesian methods, describes their differences from NHST, and discusses the potential of Bayesian methods to … advance family business research and practice. We argue that Bayesian methods are well suited to account for the significant …

Persistent link: https://www.econbiz.de/10010875400

A Bayesian approach to estimating animal density from binary acoustic transects

Horrocks, Julie; Rueffer, Matthew - In: Computational Statistics & Data Analysis 80 (2014) C, pp. 17-25

A Bayesian model is proposed for estimating abundance or density of animals from passive acoustic binary data. The data are collected at points along one or more transects, and the points are spaced so that a single individual can be heard multiple times. Thus successive data points are...

Persistent link: https://www.econbiz.de/10010906913

Exchange Rate Predictability in a Changing World

Byrne, Joseph P.; Korobilis, Dimitris; Ribeiro, Pinho J. - Scottish Institute for Research in Economics (SIRE) - 2014

Crisis. This paper forecasts exchange rates using such Taylor rules with Time Varying Parameters (TVP) estimated by Bayesian … methods. In core out-of-sample results, we improve upon a random walk benchmark for at least half, and for as many as eight …

Persistent link: https://www.econbiz.de/10010907883

Professional forecasters and real-time forecasting with a DSGE model

Smets, Frank; Warne, Anders; Wouters, Rafael - In: International Journal of Forecasting 30 (2014) 4, pp. 981-995

This paper analyses the real-time forecasting performance of the New Keynesian DSGE model of Galí, Smets and Wouters (2012), estimated on euro area data. It investigates the extent to which the inclusion of forecasts of inflation, GDP growth and unemployment by professional forecasters improve...

Persistent link: https://www.econbiz.de/10011051441

An alternative quasi likelihood approach, Bayesian analysis and data-based inference for model specification

Kim, Jae-Young - In: Journal of Econometrics 178 (2014) P1, pp. 132-145

This paper studies an alternative quasi likelihood approach under possible model misspecification. We derive a filtered likelihood from a given quasi likelihood (QL), called a limited information quasi likelihood (LI-QL), that contains relevant but limited information on the data generation...

Persistent link: https://www.econbiz.de/10011052341

Optimal strategies for selecting project portfolios using uncertain value estimates

Vilkkumaa, Eeva; Liesiö, Juuso; Salo, Ahti - In: European Journal of Operational Research 233 (2014) 3, pp. 772-783

Practically all organizations seek to create value by selecting and executing portfolios of actions that consume resources. Typically, the resulting value is uncertain, and thus organizations must take decisions based on ex ante estimates about what this future value will be. In this paper, we...

Persistent link: https://www.econbiz.de/10011052780

Bayesian binary regression with exponential power link

Naranjo, L.; Martín, J.; Pérez, C.J. - In: Computational Statistics & Data Analysis 71 (2014) C, pp. 464-476

A flexible Bayesian approach to a generalized linear model is proposed to describe the dependence of binary data on explanatory variables. The inverse of the exponential power cumulative distribution function is used as the link to the binary regression model. The exponential power family...

Persistent link: https://www.econbiz.de/10011056537

Does central bank independence really matter? Re-assessing the role of the independence of monetary policy-makers in macroeconomic outcomes

Zervoyianni, Athina; Anastasiou, Athanasios; … - In: International Journal of Economics and Business Research 8 (2014) 4, pp. 427-473

Despite the growing literature, central bank independence (CBI) is still one of the most controversial and frequently discussed issues in macroeconomics. This paper re-examines the role of central bank independence in macroeconomic outcomes, seeking to add to the existing empirical literature in...

Persistent link: https://www.econbiz.de/10010944854

Monetary transmission mechanism and time variation in the Euro area

Bagzibagli, Kemal - In: Empirical Economics 47 (2014) 3, pp. 781-823

This paper examines the monetary transmission mechanism in the Euro area (EA) for the period of single monetary policy using factor-augmented vector autoregressive (FAVAR) techniques. The aims of the paper are threefold. First, a novel dataset consisting of 120 disaggregated macroeconomic time...

Persistent link: https://www.econbiz.de/10010949525

International (spillovers in) macrofinancial linkages and the decoupling phenomenon

Pesce, Antonio - In: Journal of International Money and Finance 48 (2014) PA, pp. 41-67

This paper contributes to the debate on the decoupling of emerging economies (EEs) from advanced economies (AEs), by measuring how the resilience of EEs to external shocks (i.e. shocks spreading from AEs) has changed over time and whether EEs are relatively more vulnerable to real or financial...

Persistent link: https://www.econbiz.de/10010939660