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Bayesian Econometrics

Advances in Econometrics Volume 23

Bayesian Econometrics

Siddharta Chib, William Griffiths, Gary Koop, Dek Terrell

nakl.: Emerald, 1. vyd., 2008
648 str., čb., váz., 157x235 mm
jazyk: anglicky
ISBN-13: 978-1-84855-308-8
původní cena:
 3 018,-
ušetříte 20 %:
 604,-

Vaše cena:
 2 414,-

"Bayesian Econometrics" illustrates the scope and diversity of modern applications, reviews some recent advances, and highlights many desirable aspects of inference and computations. It begins with an historical overview by Arnold Zellner who describes key contributions to development and makes predictions for future directions. In the second paper, Giordani and Kohn makes suggestions for improving Markov chain Monte Carlo computational strategies. The remainder of the book is categorized according to microeconometric and time-series modeling. Models considered include an endogenous selection ordered probit model, a censored treatment-response model, equilibrium job search models and various other types. These are used to study a variety of applications for example dental insurance and care, educational attainment, voter opinions and the marketing share of various brands and an aggregate cross-section production function. Models and topics considered include the potential problem of improper posterior densities in a variety of dynamic models, selection and averaging for forecasting with vector autoregressions, a consumption capital-asset pricing model and various others. Applications involve U.S. macroeconomic variables, exchange rates, an investigation of purchasing power parity, data from London Metals Exchange, international automobile production data, and data from the Asian stock market.
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