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20212023
most citedLarge Order-Invariant Bayesian VARs with Stochastic Volatility

18 citations · 47 across the 7 of their papers we have counts for

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7 papers

econ.EM2023★ 5 cited

High-Dimensional Conditionally Gaussian State Space Models with Missing Data

Joshua C. C. Chan, Aubrey Poon, Dan Zhu

We develop an efficient sampling approach for handling complex missing data patterns and a large number of missing observations in conditionally Gaussian state space models. Two im…

econ.EM2022★ 11 cited

Comparing Stochastic Volatility Specifications for Large Bayesian VARs

Joshua C. C. Chan

Large Bayesian vector autoregressions with various forms of stochastic volatility have become increasingly popular in empirical macroeconomics. One main difficulty for practitioner…

econ.EM2022★ 7 cited

Large Bayesian VARs with Factor Stochastic Volatility: Identification, Order Invariance and Structural Analysis

Joshua Chan, Eric Eisenstat, Xuewen Yu

Vector autoregressions (VARs) with multivariate stochastic volatility are widely used for structural analysis. Often the structural model identified through economically meaningful…

econ.EM2022★ 2 cited

Large Hybrid Time-Varying Parameter VARs

Joshua C. C. Chan

Time-varying parameter VARs with stochastic volatility are routinely used for structural analysis and forecasting in settings involving a few endogenous variables. Applying these m…

econ.EM2021★ 4 cited

Efficient Estimation of State-Space Mixed-Frequency VARs: A Precision-Based Approach

Joshua C. C. Chan, Aubrey Poon, Dan Zhu

State-space mixed-frequency vector autoregressions are now widely used for nowcasting. Despite their popularity, estimating such models can be computationally intensive, especially…

econ.EM2021★ 18 cited

Large Order-Invariant Bayesian VARs with Stochastic Volatility

Joshua C. C. Chan, Gary Koop, Xuewen Yu

Many popular specifications for Vector Autoregressions (VARs) with multivariate stochastic volatility are not invariant to the way the variables are ordered due to the use of a Cho…