suggests that VARs have a limited ability to detect changes in impulse response functions at the ZLB compared to the standard …. This is especially the case for timevarying parameter VARs, whose estimates are two-sided, and therefore tend to smooth … changes across regimes. In contrast, fixed-coefficient VARs estimated by sub-sample exhibit greater power. Pooled estimates …

suggests that VARs have a limited ability to detect changes in impulse response functions at the ZLB compared to the standard …. This is especially the case for timevarying parameter VARs, whose estimates are two-sided, and therefore tend to smooth … changes across regimes. In contrast, fixed-coefficient VARs estimated by sub-sample exhibit greater power. Pooled estimates …

I use Bayesian VARs with stochastic volatility to forecast global temperatures and sea level and ice cover in the …

I use Bayesian VARs with stochastic volatility to forecast global temperatures and sea level and ice cover in the …