TY  - GEN
AU  - Bernardi,Mauro
AU  - Grassi,Stefano
AU  - Ravazzolo,Francesco
AU  - Bernardi,Mauro
AU  - Grassi,Stefano
AU  - Ravazzolo,Francesco
TI  - Bayesian Econometrics
SN  - books978-3-03943-786-3
PY  - 2020///
CY  - Basel, Switzerland
PB  - MDPI - Multidisciplinary Digital Publishing Institute
KW  - Technology: general issues
KW  - bicssc
KW  - unconventional monetary policy
KW  - transmission channel
KW  - Bayesian TVP-SV-VAR
KW  - Bayesian econometrics
KW  - portfolio choice
KW  - sentiments
KW  - stock market predictability
KW  - cryptocurrency
KW  - Bitcoin
KW  - forecasting
KW  - point forecast
KW  - density forecast
KW  - dynamic model averaging
KW  - dynamic model selection
KW  - forgetting factors
KW  - military and civilian spending
KW  - DSGE model
KW  - fiscal policy
KW  - monetary policy
KW  - Bayesian estimation
KW  - Bayesian VAR
KW  - density forecasting
KW  - time-varying volatility
KW  - ES
KW  - CES function
KW  - Bayesian nonlinear mixed-effects regression
KW  - MCMC methods
KW  - macroeconomic and financial applications
N1  - Open Access
N2  - Since the advent of Markov chain Monte Carlo (MCMC) methods in the early 1990s, Bayesian methods have been proposed for a large and growing number of applications. One of the main advantages of Bayesian inference is the ability to deal with many different sources of uncertainty, including data, models, parameters and parameter restriction uncertainties, in a unified and coherent framework. This book contributes to this literature by collecting a set of carefully evaluated contributions that are grouped amongst two topics in financial economics. The first three papers refer to macro-finance issues for real economy, including the elasticity of factor substitution (ES) in the Cobb-Douglas production function, the effects of government public spending components, and quantitative easing, monetary policy and economics. The last three contributions focus on cryptocurrency and stock market predictability. All arguments are central ingredients in the current economic discussion and their importance has only been further emphasized by the COVID-19 crisis
UR  - https://mdpi.com/books/pdfview/book/3250
UR  - https://directory.doabooks.org/handle/20.500.12854/69446
ER  -