absorbed by mortgage lenders by valuing the embedded put-option in non-recourse mortgages. Our simulations generate loss …

models, unit root tests, cointegration test, volatility models (ARCH, GARCH, ARCH-M, GARCH-M, Taylor-Schwert GARCH, GJR … Investment (GCEGI) from 1980 to 2013. The article is organized in three sections: (I) Definition; (II) Regression Models; (III … economy from the long-term debt incurred by the loan. Finally, I found that non-normally distributed volatility models …

This paper estimates Bayesian Vector Autoregressive (BVAR) models, both spatial and non-spatial (univariate and … corresponding univariate variant of the same. Finally, the models that produce the minimum average Root Mean Square Errors (RMSEs … show that the BVARs, in whatever form they might be, are the best performing models in 19 of the 20 states. Moreover, these …

This paper presents a quarterly global model linking individual country vector errorcorrecting models in which the …