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present methods for Bayesian inference. An application involving US inflation forecasting illustrates and compares the …
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Some limit properties for information based model selection criteria are given in the context of unit root evaluation and various assumptions about initial conditions. Allowing for a nonparametric short memory component, standard information criteria are shown to be weakly consistent for a unit...
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inflation in the G7 countries. The second application investigates if there is substantial time-variation in the NAIRU in the US …
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