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This paper reviews recent advances in the specification and estimation of Bayesian Vector Autoregressive models (BVARs). After describing the Bayesian principle of estimation, we first present the methodology originally developed by Litterman (1986) and Doan et al. (1984) and review alternative...
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This study analyzes the linkage between inflation and growth in the ASEAN-5 countries over the period 1980-2011, namely … negative relationship between inflation and growth for the inflation rates above the threshold level of 7.84 %, above which … inflation starts impeding economic growth in the ASEAN-5 countries. The results suggest that central banks in the ASEAN-5 …
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