Theory Coherent Shrinkage of Time Varying Parameters in VARs: Analysis at the ZLB | HackerNoonTVP-VAR models enhance understanding of economic responses to shocks at the ZLB constraints, showing differentiated impacts on output and inflation.
Theory Coherent Shrinkage of Time Varying Parameters in VARs: Theory coherent TVP-VAR | HackerNoonA theory coherent prior in TVP-VAR models enhances forecasting accuracy by aligning model parameters with economic theory.