Search Results - subject:"Bayesian Model Averaging"

Re-examining the Consumption-Wealth Relationship: The Role of Model Uncertainty

Koop, Gary; Strachan, Rodney; Potter, Simon M. - Department of Economics, Leicester University - 2005

these results to model uncertainty and argue for the use of Bayesian model averaging. We find that there is model …�ect, vector error correction model, Bayesian model averaging, cointegration, variance decomposition. We would like to thank … done in a logical and coherent manner.2 The basic idea of Bayesian model averaging can be explained quite simply. Suppose …

Persistent link: https://www.econbiz.de/10005385030

An exploration of childhood antecedents of female adult malaise in two British birth cohorts: combining Bayesian model averaging and recursive partitioning

Hobcraft, John; Sigle-Rushton, Wendy - London School of Economics (LSE) - 2005

model averaging (BMA) and recursive trees. The first approach permits us to assess model uncertainty, necessary because many … uncertainty and using a person-centred approach. We explore associations in both cohorts using two separate approaches: Bayesian …

Persistent link: https://www.econbiz.de/10011126681

How to prioritise policies for poverty reduction: Applying Bayesian Model Averaging to Vietnam

Klump, Rainer; Prüfer, Patricia - Verein für Socialpolitik, Ausschuss für … - 2005

outcomes on a chosen policy, available information, and policy makers' preferences. We show that Bayesian Model Averaging (BMA …

Persistent link: https://www.econbiz.de/10005082721

Forecast Combination and Model Averaging using Predictive Measures

Eklund, Jana; Karlsson, Sune - Sveriges Riksbank - 2005

standard Bayesian model averaging using the marginal likelihood. …

Persistent link: https://www.econbiz.de/10005649107

What determines financial development?

Huang, Yongfu - School of Economics, Finance and Management, University … - 2005

tools for addressing model uncertainty, Bayesian Model Averaging and Automatic Model Selection using PcGets, are jointly … prominent tools for ad- dressing model uncertainty, Bayesian Model Averaging and General- to-speci…c approaches, are jointly … development; Principal component analy- sis; Model uncertainty; Bayesian Model Averaging; General-to-speci…c approach JEL Classi …

Persistent link: https://www.econbiz.de/10005135202

The Geography of Output Volatility

Malik, Adeel; Temple, Jonathan R W - Centre for the Study of African Economies (CSAE), … - 2005

specifications. JELClassifications: O11, E30 Keywords: Volatility, Geography, Institutions, Bayesian Model Averaging W We are …

Persistent link: https://www.econbiz.de/10009642427

The Geography of Output Volatility

Malik, Adeel; Temple, Jonathan R.W. - Department of Economics, Oxford University - 2005

specifications. JELClassifications: O11, E30 Keywords: Volatility, Geography, Institutions, Bayesian Model Averaging W We are …

Persistent link: https://www.econbiz.de/10010604861

Forecast Combination and Model Averaging using Predictive Measures

Eklund, Jana; Karlsson, Sune - 2005

standard Bayesian model averaging using the marginal likelihood. …

Persistent link: https://www.econbiz.de/10010321289

Forecast combination and model averaging using predictive measures

Eklund, Jana; Karlsson, Sune - 2005

standard Bayesian model averaging using the marginal likelihood. …

Persistent link: https://www.econbiz.de/10011584029

The role of model uncertainty and learning in the US postwar policy response to oil prices

Rondina, Francesca - In: Journal of Economic Dynamics and Control 36 (2012) 7, pp. 1009-1041

This paper studies optimal monetary policy in a framework that explicitly accounts for policymakers' uncertainty about the channels of transmission of oil prices into the economy. More specifically, using postwar US data, I examine the evolution of the policy recommendations originating from an...

Persistent link: https://www.econbiz.de/10010871027