We propose a Bayesian factor analysis model to rank the health of localities. Mortality and morbidity variables …

. For the researcher using Bayesian methods, a lack of identification may not be evident since the posterior of a parameter … the priors assumed on the structural parameters are independent. We suggest two Bayesian identification indicators that do … consistent estimators. These results are illustrated by means of simple DSGE models. -- Bayesian identification ; DSGE models …

This paper develops and applies a Bayesian approach to Exploratory Factor Analysis that improves on ad hoc classical … applied and integrated into our Bayesian procedure to generate models that are stable and clearly interpretable. A Monte Carlo …