Showing econ.EMShow all
3 papers · 1 filter
econ.EM2026
Flexible Bayesian Models for Time-Varying Income Distributions
David Gunawan
Survey data are widely used to study how income inequality, poverty, and welfare evolve over time. A common practice is to estimate the income distribution separately for each year…
econ.EM2025
Enhancing Efficiency of Local Projections Estimation with Volatility Clustering in High-Frequency Data
Chew Lian Chua, David Gunawan, Sandy Suardi
This paper advances the local projections (LP) method by addressing its inefficiency in high-frequency economic and financial data with volatility clustering. We incorporate a gene…
econ.EM2024
Bayesian Inference for Multidimensional Welfare Comparisons
David Gunawan, William Griffiths, Duangkamon Chotikapanich
Using both single-index measures and stochastic dominance concepts, we show how Bayesian inference can be used to make multivariate welfare comparisons. A four-dimensional distribu…