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Persistent link: https://www.econbiz.de/10003787153
forecast error. It appears that the additional information contents of the structural models and expert knowledge is only …
Persistent link: https://www.econbiz.de/10011377250
This paper explores ways to integrate model uncertainty into policy evaluation. We first describe a general framework for the incorporation of model uncertainty into standard econometric calculations. This framework employs Bayesian model averaging methods that have begun to appear in a range of...
Persistent link: https://www.econbiz.de/10012467771
ranked according to the information restrictions employed in constructing noise estimates. Our results show that … information sets that exclude those variables …
Persistent link: https://www.econbiz.de/10012476117