Abstract
This paper designs and implements a Bayesian dynamic latent factor model for a vector of data describing the Iowa economy. Posterior distributions of parameters and the latent factor are analyzed by Markov Chain Monte Carlo methods, and coincident and leading indicators are computed by using posterior mean values of current and predictive distributions for the latent factor.
Original language | English (US) |
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Pages (from-to) | 997-1014 |
Number of pages | 18 |
Journal | International Economic Review |
Volume | 39 |
Issue number | 4 |
DOIs | |
State | Published - Nov 1998 |
All Science Journal Classification (ASJC) codes
- Economics and Econometrics