Bayesian Local Projections

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DOI:10.1162/rest_a_01334
作者：L. N. Ferreira,?Silvia Miranda-Agrippino,?Giovanni Ricco
文献类型：期刊论文
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MIT Press Direct

Abstract： We propose a Bayesian approach to Local Projections that optimally addresses the empirical bias-variance trade-off intrinsic in the choice between direct and iterative methods. Bayesian Lo

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