Standard VAR and Bayesian VAR models are proven to be reliable tools for modeling and forecasting, yet they are still linear and they do not consider time-variation in parameters. VAR modeling is subject to the Lucas critique and fails to take into account the inherent nonlinearities of the...

This study examines the short- and the long-run relationship between electricity demand and its determinants in the Iranian residential sector. The study employs unit root tests, cointegration and error-correction models on annual time series for the period, 1967–2009. The results show that...

According to the growing “Google econometrics” literature, Google queries may help predict economic activity. The aim of our paper is to test whether these data can enhance predictions of youth unemployment in France.