Model uncertainty and policy evaluation: some theory and empirics
From MaRDI portal
Publication:278278
DOI10.1016/J.JECONOM.2005.11.009zbMath1420.91319OpenAlexW2023850362MaRDI QIDQ278278
William A. Brock, Kenneth D. West, Steven N. Durlauf
Publication date: 2 May 2016
Published in: Journal of Econometrics (Search for Journal in Brave)
Full work available at URL: http://www.nber.org/papers/w10916.pdf
Applications of statistics to economics (62P20) Bayesian inference (62F15) Macroeconomic theory (monetary models, models of taxation) (91B64)
Related Items (8)
Robust monetary policy in a small open economy ⋮ Model uncertainty and energy technology policy: the example of induced technical change ⋮ A tale of two correlations: evidence and theory regarding the phase shift between the price level and output ⋮ The role of model uncertainty and learning in the US postwar policy response to oil prices ⋮ A Bayesian approach to optimal monetary policy with parameter and model uncertainty ⋮ Is forecasting with large models informative? Assessing the role of judgement in macroeconomic forecasts ⋮ Local robustness analysis: theory and application ⋮ Using information quality for volatility model combinations
Cites Work
- Unnamed Item
- Unnamed Item
- Unnamed Item
- Unnamed Item
- Unnamed Item
- Unnamed Item
- Unnamed Item
- Local robustness analysis: theory and application
- Maxmin expected utility with non-unique prior
- Decomposing posterior variance
- Econometrics and decision theory
- Multivariate Bayesian Variable Selection and Prediction
- Intertemporal Asset Pricing under Knightian Uncertainty
- A Rational Route to Randomness
- Bayesian Model Averaging for Linear Regression Models
- Optimal Interest-Rate Smoothing
- Robust monetary policy with misspecified models: Does model uncertainty always call for attenuated policy?
This page was built for publication: Model uncertainty and policy evaluation: some theory and empirics