Bayesian evidence on the structure of unemployment

被引：7

作者：

Summers, PM ^{[1
]}

机构：

[1] Univ Melbourne, Melbourne Inst, Fac Econ & Commerce, Melbourne, Vic 3010, Australia

来源：

ECONOMICS LETTERS | 2004年 / 83卷 / 03期

基金：

澳大利亚研究理事会;

关键词：

multiple structural breaks; Bayesian analysis; unit root; unemployment rate;

D O I：

10.1016/j.econlet.2003.09.032

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper applies Bayesian techniques for detecting multiple structural breaks in the level of a time series to a data set recently used by Papell et al. (Rev. Econ. Stat. (2000) 309). 1 find virtually no support for unit roots in OECD unemployment rates. (C) 2004 Elsevier B.V. All rights reserved.

引用

页码：299 / 306

页数：8

共 15 条

[1] Estimating and testing linear models with multiple structural changes [J].

Bai, JS ;

Perron, P .

ECONOMETRICA, 1998, 66 (01) :47-78

[2]

Bauwens L., 1999, Bayesian inference in dynamic econometric models

[3] NONINFORMATIVE PRIORS AND BAYESIAN TESTING FOR THE AR(1) MODEL [J].

BERGER, JO ;

YANG, RY .

ECONOMETRIC THEORY, 1994, 10 (3-4) :461-482

[4]

CARLIN BP, 1995, J ROY STAT SOC B MET, V57, P473

[5] On Bayesian model and variable selection using MCMC [J].

Dellaportas, P ;

Forster, JJ ;

Ntzoufras, I .

STATISTICS AND COMPUTING, 2002, 12 (01) :27-36

[6]

GEWEKE J, 1999, ECONOMETRIC REV, P1

[7]

GODSILL SJ, 2001, J COMPUTATIONAL GRAP, P230

[8] Markov chain Monte Carlo methods for computing Bayes factors: A comparative review [J].

Han, C ;

Carlin, BP .

JOURNAL OF THE AMERICAN STATISTICAL ASSOCIATION, 2001, 96 (455) :1122-1132

[9]

LOPES HF, 2000, MODEL UNCERTAINTY FA

[10] TESTING FOR UNIT ROOTS IN A BAYESIAN FRAMEWORK [J].

LUBRANO, M .

JOURNAL OF ECONOMETRICS, 1995, 69 (01) :81-109

← 1 2 →