| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6367 |
| DP6367 Ever Closer Union or Babylonian Discord? The Official-language Problem in the European Union | |
| Victor Ginsburgh; Jan Fidrmuc; Shlomo Weber | |
| 发表日期 | 2007-06-29 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | This paper assesses the performance of Bayesian Vector Autoregression (BVAR) for models of different size. We consider standard specifications in the macroeconomic literature based on, respectively, three and eight variables and compare results with those obtained by larger models containing twenty or over one hundred conjunctural indicators. We first study forecasting accuracy and then perform a structural exercise focused on the effect of a monetary policy shock on the macroeconomy. Results show that BVARs estimated on the basis of hundred variables perform well in forecasting and are suitable for structural analysis. |
| 主题 | International Macroeconomics |
| 关键词 | Bayesian var Forecasting Monetary var Large cross-sections |
| URL | https://cepr.org/publications/dp6367 |
| 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/535206 |
| 推荐引用方式 GB/T 7714 | Victor Ginsburgh,Jan Fidrmuc,Shlomo Weber. DP6367 Ever Closer Union or Babylonian Discord? The Official-language Problem in the European Union. 2007. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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