Bayesian Econometrics by Siddhartha Chib

Bayesian Econometrics by Siddhartha Chib

Bayesian Econometrics illustrates the scope and diversity of modern applications, reviews some recent advances, and highlights many desirable aspects of inference and computations. It begins with an historical overview by Arnold Zellner who describes key contributions to development and makes predictions for future directions. In the second paper, Giordani and Kohn makes suggestions for improving Markov chain Monte Carlo computational strategies. The remainder of the book is categorized according to microeconometric and time-series modeling. Models considered include an endogenous selection ordered probit model, a censored treatment-response model, equilibrium job search models and various other types. These are used to study a variety of applications for example dental insurance and care, educational attainment, voter opinions and the marketing share of various brands and an aggregate cross-section production function. Models and topics considered include the potential problem of improper posterior densities in a variety of dynamic models, selection and averaging for forecasting with vector autoregressions, a consumption capital-asset pricing model and various others. Applications involve U.S. macroeconomic variables, exchange rates, an investigation of purchasing power parity, data from London Metals Exchange, international automobile production data, and data from the Asian stock market.

SKU	Unavailable
ISBN 13	9781848553088
ISBN 10	1848553080
Title	Bayesian Econometrics
Author	Siddhartha Chib
Series	Advances In Econometrics
Condition	Unavailable
Binding Type	Hardback
Publisher	Emerald Publishing Limited
Year published	2008-12-18
Number of pages	672
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.