Álvarez, Luis J.; Odendahl, Florens
de la pandemia de COVID-19. ; We propose a method to adjust for data outliers in Bayesian Vector Autoregressions (BVARs … to document several facts about the effect of outliers on estimation and out-of-sample forecasting results using euro … estimation results. Second, these swings can be addressed by rescaling the shocks’ variance. Third, taking into account outliers …