No issue is more fundamental in contemporary macroeconomics than identifying the causes of the recent Great Recession. The standard view is that the banks were to blame because they took on too much r
In the 15 years to mid-2007 the world economy enjoyed unparalleled stability (the so-called Great Moderation”), with steady growth and low inflation. But the period since mid-2007 (
Embroiled in the political events surrounding World War I and the failed Hungarian revolutions of 1918-19, a number of intellectuals fled Hungary for Germany and Austria, where they essentially create
Embroiled in the political events surrounding World War I and the failed Hungarian revolutions of 1918-19, a number of intellectuals fled Hungary for Germany and Austria, where they essentially create
Bayesian methods combine the evidence from the data at hand with previous quantitative knowledge to analyse practical problems in a wide range of areas. The calculations were previously complex, but
The use of Bayesian methods for the analysis of data has grown substantially in areas as diverse as applied statistics, psychology, economics and medical science. Bayesian Methods for Categorical Data
The use of Bayesian statistics has grown significantly in recent years, and will undoubtedly continue to do so. Applied Bayesian Modelling is the follow-up to the author’s best selling book, Bay
