This paper extends the multivariate filter approach for estimating potential output and NAIRU developed for Türkiye by integrating the capacity utilization block into the model. The model gives more negative estimates of the output gap and smaller estimates of NAIRU in recession periods...

There are always two major sources of uncertainty in measurements related to lifetime surveys: variation among the observations and imprecision of individual observation called fuzziness. The typical statistical analysis is based on variation among the observations and does not consider the...

We study maximum-likelihood estimation and updating, subject to computational, cognitive, or behavioral constraints. We jointly characterize constrained estimates and updating within a framework reminiscent of a machine learning algorithm. Without frictions, the framework simplifies to standard...

In several scientific fields, such as finance, economics and bioinformatics, important theoretical and practical issues exist involving multimodal and asymmetric count data distributions due to heterogeneity of the underlying population. For accurate approximation of such distributions we...