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Focused Bayesian prediction (replication data)
We propose a new method for conducting Bayesian prediction that delivers accurate predictions without correctly specifying the unknown true data generating process. A prior is... -
The response of asset prices to monetary policy shocks: Stronger than thought...
Standard macroeconomic theory predicts rapid responses of asset prices to monetary policy shocks. Small-scale vector autoregressions (VARs), however, often find sluggish and... -
Effect of FDI and Time on Catching Up: New Insights from a Conditional Nonpar...
We use an appropriate nonparametric two-step approach on conditional efficiencies to investigate how foreign direct investment (FDI) and time affect the process of catching up.... -
REALIZED BETA GARCH: A MULTIVARIATE GARCH MODEL WITH REALIZED MEASURES OF VOL...
We introduce a multivariate generalized autoregressive conditional heteroskedasticity (GARCH) model that incorporates realized measures of variances and covariances. Realized... -
Identifying the new Keynesian Phillips curve (replication data)
Phillips curves are central to discussions of inflation dynamics and monetary policy. The hybrid new Keynesian Phillips curve (NKPC) describes how past inflation, expected...
