Aßmann, Christian (contributor); Hogrefe, Jens (contributor) - 2006
Empirical evidence suggests a sharp volatility decline of the growth in U.S. gross domestic product (GDP) in the mid …-1980s. Using Bayesian methods, we analyze whether a volatility reduction can also be detected for the German GDP. Since … statistical inference for volatility processes critically depends on the specification of the conditional mean we assume for our …
