Theory Coherent Shrinkage of Time Varying Parameters in VARs: A Appendix | HackerNoonThe TVP-VAR model enhances economic forecasting accuracy by managing dynamic relationships among variables, particularly at the zero lower bound.
Theory Coherent Shrinkage of Time Varying Parameters in VARs: Conclusion and References | HackerNoonThe paper presents a novel shrinkage prior for TVP-VAR models that integrates economic theory to improve forecasting accuracy and reduce overfitting.