This paper investigates the effect of a positive technology shock on per capita hours worked within the class of Bayesian Vector Auto-Regressive [BVAR] models. Such a framework avoids the current debate regarding the specification issue of per capita hours [level versus first-difference stationary]. Six priors are considered and for each, we examine the impulse responses of per capita hours fol...

This study analyses the impact of fiscal policy on South African economy during period 1972Q1-2020Q2. The adopted quarterly time series data to estimate a Bayesian Vector Autoregression (BVAR) model with selection hierarchical priors. variables employed for empirical investigation included GDP, government expenditure, public debt, and gross fixed-capital formation. results show that an unexpect...

The paper presents an applied study of a multivariate AR(p) process fitted to daily data from U.S. commodity futures markets with the use of Bayesian statistics. In the first part a detailed description of the methods used is given. In the second part two BVAR models are chosen one with assumption of lognormal, the second with normal distribution of prices conditioned on the parameters. For a c...

Financial asset prices contain a rich set of real-time information on the economy. To extract this information, it is crucial to understand driving factors behind financial market developments. In paper, we exploit daily cross-asset price movements in sign-restricted BVAR model analyse extent which euro area and US yields, equity prices, euro-US dollar exchange rate are jointly driven by moneta...

We are interested in an XML representation for programming languages. Could content markup of MathML be used for this purpose, especially in the setting of a functional programming language? In order to address this question we have developed an interpreter for a Scheme-like language encoded in XML. We demonstrate that, with some degree of extension to its core elements, syntax and default sema...

PROD id="i32" type Definition id="i0" MUTIND uri="cic:Coq/init/Datatypes/nat.ind" notype="0" id="i33" source apply xref="i34" apply xref="i37" times definitionURL= "cic/Coq/Init/Peano/mult.con" xref="i38" 0 definitionURL= "cic:/Coq/Init/Datatypes/nat.ind" cn xref="i41" 0 definitionURL= xref="i40" "cic:/Coq/Init/Datatypes/nat.ind" cn eq xref="i35" "cic:/Coq/Init/Logic/Equality/eq.ind" definition...