The news correspondents obtained a quote from the research from Federal Reserve Bank, “Through shrinkage, our Bayesian VAR provides a flexible framework for modeling the dynamics of 31 variables ...

The approach is based on a Bayesian procedure and a graphical representation of VAR models. We discuss a Markov chain Monte Carlo algorithm for sparse graph selection, parameter estimation, and ...

Our model is a Bayesian VAR consisting of two blocks representing home and foreign factors, which is particularly useful for small open economies. By exploiting the mixed-frequency nature of the model ...

We assess the bivariate relation between money growth and inflation in the euro area and the United States using hybrid time-varying parameter Bayesian VAR models. Model selection based on marginal ...