Canova, Fabio (contributor); Ciccarelli, Matteo (contributor) - 2006
countriesisanalyzed.
Key Words: Multi country VAR, Markov Chain Monte Carlo methods, Flexible priors, Inter-
national transmission.
JEL … countries.
Posterior distributions for the quantities of interest are obtained with Markov Chain Monte
Carlo (MCMC) methods. We … Markov Chain Monte
Carlo (MCMC) methods. We show how to use the output of the Gibbs sampler to compute
responses to …