Journal article | Zeitschriftenartikel
A structural Bayesian VAR for model-based fan charts
Inflation forecast uncertainty is of importance for a wide range of agents in the economy, central banks in particular. Ways to describe and account for this uncertainty in a consistent manner have received increasing attention of late, in part due to the growing number of inflation-targeting central banks. This paper develops a large structural VAR for the Swedish economy and estimates it in a Bayesian framework. The methodology permits not only structural interpretation and analysis but offers a natural way to formalise forecast uncertainty, as the posterior predictive density from the model has the interpretation of a fan chart.
- Umfang
-
Seite(n): 1557-1569
- Sprache
-
Englisch
- Anmerkungen
-
Status: Postprint; begutachtet (peer reviewed)
- Erschienen in
-
Applied Economics, 40(12)
- Thema
-
Wirtschaft
Wirtschaftsstatistik, Ökonometrie, Wirtschaftsinformatik
Volkswirtschaftslehre
Inflation
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Österholm, Pär
- Ereignis
-
Veröffentlichung
- (wo)
-
Vereinigte Staaten von Amerika
- (wann)
-
2008
- DOI
- URN
-
urn:nbn:de:0168-ssoar-240141
- Rechteinformation
-
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
- Letzte Aktualisierung
-
21.06.2024, 16:27 MESZ
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Objekttyp
- Zeitschriftenartikel
Beteiligte
- Österholm, Pär
Entstanden
- 2008
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