Franta, Michal; Baruník, Jozef; Horváth, Roman; … - In: International Journal of Central Banking 10 (2014) 1, pp. 159-188
We show how fan charts generated from Bayesian vector autoregression models can be useful for assessing (i) the effect of the zero-lower-bound constraint on forecasting uncertainty and (ii) the credibility of stress tests conducted to evaluate financial stability. To illustrate these issues, we...