macroeconomics study guide

• Precision targeting: the economics--and politics--of improving Canada's inflation-targeting framework.

... external review of every major policy study, undertaken by academics and outside experts, help... in inflation, and thus would be a better guide for monetary policy decisions. More generally, for...First, the Bank's expertise in macroeconomics and the macro role of financial markets likely exi...

• C.D. Howe Institute Commentary
• Nbr. 2011, January 2011

• Production Forecasting of Taiwan's Technology Industrial Cluster: A Bayesian Autoregression Approach

This study proposes a forecasting method that combines the clustering effect and non-informative diffuse-prior Bayesian vector autoregression (NDBVAR) model to forecast the productions of technology industries. Two empirical cases are examined to verify the proposed method: the semiconductor industry and computer manufacturing industry in Taiwan. It is found that the NDBVAR model outperforms the other three conventional time series models including the autoregression (AR), vector autoregression (VAR), and Litterman Bayesian VAR (LBVAR) models. Moreover, the NDBVAR model also outperforms the forecast reports from leading market information providers over the past several years. The forecasting method proposed is therefore concluded to be a feasible approach for production prediction, esp...

... model has been widely utilized in macroeconomics, regional development, and financial economics and...Doan's guide for RATS is ready and complete. The codes to imple...

• Canadian Journal of Administrative Sciences
• Vol. 22 Nbr. 2, June 2005