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The Global Vector Autoregressive (GVAR) approach has proven to be a very useful approach to analyze interactions in the global macroeconomy and other data networks where both the cross-section and the time dimensions are large. This paper surveys the latest developments in the GVAR modeling,...
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stochastic simulation. One can estimate, for example, the probability of a recession occurring within some fixed period in the … present procedure is that the probabilities estimated from the stochastic simulation are objective in the sense that they are …
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