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Technical note on "assessing Bayesian model comparison in small samples"
Martínez García, Enrique; Wynne, Mark - Federal Reserve Bank of Dallas - 2014
This technical note is developed as a companion to the paper ‘Assessing Bayesian Model Comparison in Small Samples … simulated data how Bayesian model comparison based on posterior odds performs when the model becomes arbitrarily close to a … their Bayesian model comparison exercises. Third, we describe the Bayesian estimation and model comparison techniques with …
Persistent link: https://www.econbiz.de/10011084961
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Assessing Bayesian model comparison in small samples
Martínez García, Enrique; Wynne, Mark - Federal Reserve Bank of Dallas - 2014
We investigate the Bayesian approach to model comparison within a two-country framework with nominal rigidities using … experiments that employ simulated data. We argue that Bayesian model comparison with posterior odds is sensitive to sample size …
Persistent link: https://www.econbiz.de/10011084971
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Exchange rates, capital flows, and monetary policy in a changing world economy : proceedings of a Conference, Federal Reserve Bank of Dallas, Dallas, Texas, September 14 - 15, 1995
Gruben, William C. (ed.); Gould, David (contributor);  … - 1997
Persistent link: https://www.econbiz.de/10000626594
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Economic & financial policy review
Federal Reserve Bank of Dallas - Dallas, Tex. : The Bank - 1.2002 -
Persistent link: https://www.econbiz.de/10001640283
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Economic & financial review
Federal Reserve Bank of Dallas - Dallas, Tex. : Bank - 1999,2 - 2001; damit Ersch. eingest.
Persistent link: https://www.econbiz.de/10001406015
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A closer look at the Phillips curve using state-level data
Kumar, Anil; Orrenius, Pia - Federal Reserve Bank of Dallas - 2014
Studies that estimate the Phillips curve for the U.S. use mainly national-level data and find mixed evidence of nonlinearity, with some recent studies either rejecting nonlinearity or estimating only modest convexity. In addition, most studies do not make a distinction between the relative...
Persistent link: https://www.econbiz.de/10010942918
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Globalization and monetary policy: an introduction
Martinez-Garcia, Enrique - Federal Reserve Bank of Dallas - 2008
two-country DSGE model with monopolistic competition, sticky prices, and pricing-to-market. I also derive the steady state …
Persistent link: https://www.econbiz.de/10005367953
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Do China and oil exporters influence major currency configurations?
Fratzscher, Marcel; Mehl, Arnaud - Federal Reserve Bank of Dallas - 2009
This paper analyses the impact of the shift away from a U.S. dollar focus of systemically important emerging market economies (EMEs) on configurations between the U.S. dollar, the euro and the yen. Given the difficulty that fixed or managed U.S. dollar exchange rate regimes remain pervasive and...
Persistent link: https://www.econbiz.de/10005367955
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Monthly pass-through ratios
Amstad, Marlene; Fischer, Andreas M. - Federal Reserve Bank of Dallas - 2009
This paper estimates monthly pass-through ratios from import prices to consumer prices in real time. Conventional time series methods impose restrictions to generate exogenous shocks on exchange rates or import prices when estimating pass-through coefficients. Instead, a natural experiment based...
Persistent link: https://www.econbiz.de/10005367960