estimation (MLE) approach is adopted in the parameter estimation process. The estimates are evaluated centered on mean square …

, as well as a global EPU index. Using a Time-Varying Parameter Vector Autoregressive (TVP-VAR) model with monthly data …

A popular approach to perform inference on a target parameter in the presence of nuisance parameters is to construct …

transitions between the two. The estimation of the AR parameter at any time point is based on a local least squares regression … method, where the relevant initial condition is endogenous. We obtain limit distributions for the AR parameter estimator and … t-statistic at a given point τ in time when the parameter exhibits unit root, local-to-unity, or stationary …

-biased distributions in this paper to propose a generalisation of a one-parameter linear exponential distribution. The concept is called … the area-biased one-parameter linear exponential distribution. Its various characteristics are deduced and thoroughly …