Applied Bayesian econometrics for central bankers - Centre for Central Banking Studies
Computational advances have greatly facilitated the use of Bayesian estimation and simulation techniques. The main advantage of these techniques is that they provide precise results in small samples and allow researchers to incorporate off-model information into the estimation procedure. In addition, these techniques easily allow the development of richer specifications, for instance, models with a large number of parameters to estimate or parameters that vary over time. This event is an introduction to some of the techniques in Bayesian econometrics which can be useful for modelling and forecasting in central banks. It will provide an overview of the theory and then focus on practical implementation through computer-based exercises. [gemäß den Informationen des Anbieters - according to site editor's information] The website is no longer available.
|Event dates:||2011-05-31 – 2011-06-08|
|Organizers:||Centre for Central Banking Studies, Bank of England|
Andrew Blake and Haroon Mumtaz
|Classification:||C1 - Econometric and Statistical Methods: General ; C6 - Mathematical Methods and Programming|
|Event type:||Seminare, Summer Schools, Symposien, Workshops; Seminars, Summer Schools, Symposiums, Workshops|