| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2988 |
| DP2988 Evidence of Information Spillovers in the Production of Investment Banking Services | |
| Alexander Ljungqvist; Lawrence M Benveniste; William J Wilhelm Jr; Xiaoyun Yu | |
| 发表日期 | 2001-10-10 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | We provide methods for forecasting variables and predicting turning points in panel Bayesian VARs. We specify a flexible model that accounts for both interdependencies in the cross section and time variations in the parameters. Posterior distributions for the parameters are obtained for hierarchical and for Minnesota-type priors. Formulas for multistep, multiunit point and average forecasts are provided. An application to the problem of forecasting the growth rate of output and of predicting turning points in the G-7 illustrates the approach. A comparison with alternative forecasting methods is also provided. |
| 主题 | International Macroeconomics |
| 关键词 | Forecasting Turning points Bayesian methods panel var markov chains monte carlo methods |
| URL | https://cepr.org/publications/dp2988 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532019 |
| 推荐引用方式 GB/T 7714 | Alexander Ljungqvist,Lawrence M Benveniste,William J Wilhelm Jr,et al. DP2988 Evidence of Information Spillovers in the Production of Investment Banking Services. 2001. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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