Therefore, we follow Otrok
and Whiteman (1998) and Kose, Otrok
, and Whiteman (2003, 2008) in estimating the model with a Bayesian approach based on a Markov chain Monte Carlo (MCMC) algorithm to simulate draws from the relevant posterior distributions.
Bjornland and Jacobsen 2008, 2010; Del Negro and Otrok
2007; Dokko et al.
Gianluca Benigno, London School of Economics; Huigang Chen, JD Power; Christopher Otrok
, University of Missouri; Alessandro Rebucci, Inter-American Development Bank; and Eric Young, University of Virginia, "Capital Controls or Real Exchange Rate Policy?
These include the excessive supply of houses that resulted from the construction boom that followed German unification (Terrones and Otrok
, 2004), slowdowns in population growth (Ahearne et al.
Povzetek: Prispevek se ukvarja z zgodnjo socializacijo otrok
pri uporabi spleta.
2) All these studies, except Del Negro and Otrok
(2007), Vargas-Silva (2008b), Gupta et al.
Del Negro and Otrok
(2007) find that historically, movements in house prices were mainly driven by regional factors and that bubbles in the housing market were predominantly local phenomena.
However, given the size of our data set, we continue to follow closely the methodology employed by Otrok
, Silos, and Whiteman (2003), in which the estimation is done sequentially rather than in a one-block approach.
An interpretation, in line with Kose, Otrok
and Whiteman (2003), could be that the common component at the world level plays an important role.
4) Del Negro and Otrok
(2007) find little influence oil the national component of house price appreciation from 2001 to 2(05.
Dotsey and Otrok
(1995) suggest that a deeper understanding of interest rate behavior will be produced by jointly taking into account the behavior of the monetary authority along with a more detailed understanding of what determines term premia.
9) This point has also been made by Dotsey and Otrok